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    Mt. Vernon Rd Newark, OH 43055

    For Sale
    $775,000

    Prime Commercial Land, High Visibility, 3.13 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Exceptional commercial land opportunity in Newark, Ohio, situated on Mt. Vernon Road (Route 13). This 3.13-acre parcel boasts 335 feet of road frontage on Route 13, offering unparalleled visibility and accessibility. The property is zoned HB Commercial and features all utilities readily available, including two sewer taps. Ohio Department of Transportation data indicates a daily traffic count of 14,145 vehicles passing this location. The site's strategic location is adjacent to the Gregory Park housing subdivision and near established shopping and dining options on North 21st Street. With a total lot size of 136,342.8 square feet, this property presents a multitude of development possibilities. Potential uses include, but are not limited to, banks, office buildings, medical facilities, retail strip centers, restaurants, and assisted living facilities. An additional 2.7 acres of adjacent commercial land is also available, providing an opportunity to acquire a combined 5.83 acres with an impressive 632 feet of road frontage. The property's extensive road frontage includes access points on Route 13, Gregory Drive, and Brenton Drive, ensuring convenient access and high visibility. The asking price for this exceptional commercial land is $775,000. The APN is 054-286980-00.000.

    Property Features for 0 Mt. Vernon Rd

    General Information

    Property type
    Office Properties & Spaces

    HighLights

    • Asking Price: $775,000
    • Property Type: 3.13‑acre commercial land parcel with potential for mixed‑use development
    • Zoning: HB Commercial, City of Newark, OH
    • Lot Size: 136,342.8 sq ft (approx. 3.13 acres)
    • Utilities: All utilities available, plus two sewer taps
    • High Traffic Location: High visibility on Route 13/Mt. Vernon Rd, with 14,145 vehicles passing daily. Near shopping, restaurants, and residential areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.4055342
    Latitude
    40.0598823

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Commercial Land, High Visibility, 3.13 Acres
    Where is this office property / space located?
    The property is located at Mt. Vernon Rd Newark, OH.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: Asking Price: $775,000; Property Type: 3.13-acre commercial land parcel with potential for mixed-use development; Zoning: HB Commercial, City of Newark, OH
    Request Owner's contact information
    Mt. Vernon Rd Newark, OH 43055
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    Newark, OH 43055
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Mt. Vernon Rd Newark, OH 43055
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