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Property profile & analytics
OFF-MARKET
Mixed-use properties

Mt Vernon Rd Rd Newark, OH 43055

47.43 ac lot
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property presents a unique investment opportunity in Newark, OH. Spanning a total of 47.43 acres, the offering includes two well-maintained residential properties and significant commercial development potential. The first residence, located at 2028 Mt. Vernon Road, is a charming two-story home boasting 1,894 square feet of living space. This home features three bedrooms, one full bathroom, a convenient main floor laundry, and an expansive three-bay workshop with a semi-attached hunting/workshop area. An open living area adds to the home's appeal. Note that the fireplace mantel is excluded from the sale. The second residence, situated at 2076 Mt. Vernon Road, is a comfortable ranch-style home encompassing four bedrooms and three full bathrooms. A fully finished basement provides additional living space, including a fourth bedroom and a third bathroom. This 1.796-acre parcel also includes a large barn, a separate cottage, and a detached two-car garage. Beyond the residential components, a significant portion of the property (approximately 43.73 acres) consists of vacant farmland currently used as a campsite with readily available electricity, situated steps from a river, ideal for fishing and camping. The entire property is zoned commercial, offering substantial potential for future development. This rare combination of residential and commercial land presents a compelling opportunity for investors seeking a diverse portfolio or developers envisioning a unique project. The property's location and existing structures provide a solid foundation for a variety of ventures.

Property profile
Verified
Property type Mixed-use properties
Lot 47.43 ac (2,066,051 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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