505 Mount Vernon Rd Newark, OH 43055

Listing Agency Ohio Commercial Real Estate t***@sbcglobal.net Show Phone

Listed by Tony M Yacoub Show Phone

Source Exprealty

Added: Feb 25 Checked: Jul 15 at 9:14 pm

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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.

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FAQs

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.