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Renovated Office Building with Gym
For Sale
Contact for pricing
Pending

59 Grant St, Newark, OH 43055

Converted school facility featuring flexible offices, exposed brick, oak floors, and electronically controlled entry.

Property SizeContact for details
Days on Market143

Property Features for 59 Grant St

General Information

Standard status Pending
Property subtype Office

Additional Details

Office Units 10

Amenities

gym
stage
kitchen
security system
fencing
exposed brick
oak flooring

Building Details

Year Renovated 1997
Buildings 1
Listing Agency: SHAI Commercial Real Estate Ltd
Listed By: Stephen Layman · License #OH
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Sep 1 at 7:59AM

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 office building occupies a converted elementary school that was substantially modernized in 1997. The layout includes 10 expansive office areas in former classrooms, with oak flooring and exposed brick. Additional improvements include a gymnasium with a stage, kitchen, and unfinished basement. Windows, electrical, plumbing, and HVAC systems were updated, and the property operates with 7 residential HVAC units; 5 have been replaced recently.

Security features include electronic control for the front entrance and gate, while fencing was installed in summer of 2021. An adjoining lot provides overflow parking. The property is leased through November, 2024, with potential for an extension. Located at 59 Grant St in Newark, Ohio, the offering combines office functionality with distinctive institutional-era interior features.

Key Highlights

  • 10 large office areas with oak flooring and exposed brick
  • Gymnasium includes a stage, kitchen, and unfinished basement
  • Building systems updated, including windows, electrical, plumbing, and HVAC

Property Analytics

Current Use

Jobes Henderson & Associates Civil Engineer National Youth Advocate ... Foster Care Service

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center

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

Lease Details

10
Office units

Location Intelligence

Trade Area within ½ mile

309
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

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 - Converted school facility featuring flexible offices, exposed brick, oak floors, and electronically controlled entry.
Where is this office building located?
The property is located at 59 Grant St Newark, OH.
What are key features of this property?
This property features: 10 large office areas with oak flooring and exposed brick; Gymnasium includes a stage, kitchen, and unfinished basement; Building systems updated, including windows, electrical, plumbing, and HVAC
More about this property
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