0 Mt. Vernon Rd Newark, OH 43055
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.