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Two-Story Office Building
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42 N 3rd Street, Newark, OH 43055

An underground garage and retained vault distinguish this two-level workspace.

Property Size6,920 SF
Days on Market7

Property Features for 42 N 3rd Street

General Information

Standard status Active
Size 6,920 SF
Total Parking Spaces 22
Property subtype Office

Building Details

Stories 2
Listing Agency: SHAI Commercial Real Estate Ltd
Listed By: J Park Shai III · License #2002012732
Source: Crexi
Added: Sep 18 Changed: Sep 24 Last Checked: Sep 24 at 3:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SHAI Commercial Real Estate Ltd

Investment Insights

Based on property information with market context.

This 6,920-square-foot office building spans two floors and retains a vault from its former bank use. The main level combines an open area with vaulted ceilings, three private offices and a conference room. Upstairs are workstation areas, additional conference space, large restrooms and a breakroom. An underground garage provides 22 parking spaces and has updated ventilation.

At the corner of N 3rd Street and E Church Street in Newark, the property is half a block north of Downtown Newark Square. Restaurants, shops and cafes are part of the surrounding business district.

Key Highlights

  • 6,920‑square‑foot office building across two floors
  • Underground parking garage with 22 spaces and updated ventilation
  • Main floor has three private offices, a conference room and open space with vaulted ceilings

Property Analytics

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Current Use

Huntington Bank ATM ... Atm Huntington Bank Bank

Suggested Use

Top Pick Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

Demographics for 43055, OH

62,590
Population
27,046
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
112.7 sq mi
ZIP Area
555
Density / Sq Mi
$61,807
Median Household Income
$39,412
Median Earnings
$920
Median Rent
$185,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - An underground garage and retained vault distinguish this two-level workspace.
Where is this office building located?
The property is located at 42 N 3rd Street Newark, OH.
What are key features of this property?
This property features: 6,920‑square‑foot office building across two floors; Underground parking garage with 22 spaces and updated ventilation; Main floor has three private offices, a conference room and open space with vaulted ceilings
More about this property
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