11 Waterworks Rd Newark, OH 43055
- Retail properties
- 0.31 lot acres
Current Use by Public Records
- Kelley's Flowers / Florist
Property Details for 11 Waterworks Rd
- Year built
- 1920
- Lot size
- 0.31 lot acres
- Property type
- Retail properties
Description
This exceptional turnkey investment opportunity presents a well-established flower shop located at 11 Waterworks Road, Newark, OH. The property, situated on a 0.31-acre lot, enjoys high visibility from Mt. Vernon Road, ensuring strong foot traffic and brand recognition. The building, originally constructed in 1920, underwent a complete renovation in 2023, boasting a brand-new roof, HVAC system, and water heater. The 4702 square foot space includes a walk-in cooler and ample basement storage, providing significant operational advantages. The property also offers convenient parking with 10-12 designated spaces for customers and employees. This thriving business has been operating successfully for over 30 years, providing a stable and proven income stream. Financial details are available upon request to qualified buyers. The current employees are eager to continue their employment with the new owner, ensuring business continuity. A 30-day training period will be provided by the current owner to facilitate a seamless transition. This is a rare opportunity to acquire a profitable, established business with significant upside potential in a desirable location. The asking price is $650,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Licking
- State
- Ohio
- Longitude
- -82.418
- Latitude
- 40.0876
