Corner Office Building For
For Lease
$385,000
505 Mount Vernon Rd, Newark, OH 43055
4,800 SF brick office building suitable for various businesses.
Space SizeContact for details
Lot Size0.40 Acres
Days on Market188
Property Features for 505 Mount Vernon Rd
General Information
Standard status
Active
Lot size
0.40 Acres
Taxes and HOA fees
Annual Taxes
$4,854
Listing Agency:
Ohio Commercial Real Estate
(614) 625-3867
Listed By:
Tony M Yacoub · License #0000425186
(614) 625-3867
Source:
Exprealty
Added: Feb 25
Changed: Aug 20
Last Checked: Aug 30 at 11:49PM
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 Ohio Commercial Real Estate
Investment Insights
Based on property information with market context.
This 4,800 square feet, two-story brick office building, constructed in 1965, is available for lease. Previously used by attorneys, counselors, and other professionals, the property is situated on a 0.40-acre lot and features a layout of 4 separate offices. It offers 18 parking spaces and is located on a prominent corner with great access on Route 13 (Mount Vernon Ave), 3.6 miles from Licking Memorial Hospital and 24 miles to New Albany. The property is zoned Commercial 447 - Office, making it suitable for a variety of businesses, including financial services, insurance agencies, law firms, counseling services, medical practices, marketing, or sales offices. Its corner location also makes it suitable for a coffee bar or massage therapy studio.
Key Highlights
- Excellent cash‑on‑cash & CAP rate once leased.
- Prominent corner location on Rt 13 (Mount Vernon Ave.) offers great access and visibility.
- 4200 SF, 2‑story brick office building suitable for a variety of businesses.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 4,800 SF brick office building suitable for various businesses.
Where is this office building located?
The property is located at 505 Mount Vernon Rd Newark, OH.
What is the lease rate?
The lease rate is $385,000.
What are key features of this property?
This property features: Excellent cash‑on‑cash & CAP rate once leased.; Prominent corner location on Rt 13 (Mount Vernon Ave.) offers great access and visibility.; 4200 SF, 2‑story brick office building suitable for a variety of businesses.
