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Property profile & analytics
FOR SALE
Commercial land

1821 Mount Vernon Rd Newark, OH 43055

Property ID
US66-2599396
Property summary
AI-generated overview

ODOT says 14,552 vehicles pass by this property daily. Zoned HB Commercial & includes 2.7 acres, plus a 3-bedroom home. The barn has been removed. It can be purchased with Reserve ''B'' (3.13 acres listed at $650,000 MLS# 221021122) for a total of 5.83 acres & 632' of Route 13 road frontage zoned HB Commercial for $1,350,000. All utilities available for both parcels. Located in front of established Gregory Park subdivision & along Route 13 (296.25' of main road frontage) & near N. 21st. St. in North Newark. Road frontage along Mt. Vernon Rd. and Gregory Drive. Possible uses include banks, office buildings, medical offices, strip center, restaurants, assisted living facility, and more! The renovated house features gorgeous woodwork, large rooms, 200 amp electric service & updated wiring, & 1,764 square feet.

Property profile
Verified
Property type Commercial land
UPID US66-2599396
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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