About This Home
This 0-bedroom, 0-bathroom commercial at 340 Mount Vernon Road in Newark, OH is listed for $399,900 ($155 per sqft). Built in 1953, the home offers 2,576 sqft of living space on a 0.23 acres lot.
Key Features
- Built in 1953
- 0.23 acre lot
Property Details
Commercial real estate and established carryout business offered together in Newark, Ohio. Sale includes the commercial building, operating business, C1/C2 beer and wine permits, inventory, equipment, fixtures, and attached tenant space. Situated on approximately 0.45 acres with LC (Limited Commercial) zoning, the property offers flexibility for a variety of commercial uses.
Located less than three minutes from Downtown Newark with convenient access to State Route 16 and the greater Columbus region. The property benefits from multiple revenue sources, including retail sales, beer and wine sales, lottery sales, and tenant income from the attached pizza and sub shop.
The attached tenant currently occupies a portion of the building, creating an additional income stream. Located within Newark CRA #1 and Commercial TIF District 7-2, the property is positioned within an area experiencing significant public and private investment.
Licking County continues to benefit from substantial economic growth driven by semiconductor manufacturing, advanced manufacturing, technology investment, housing development, and infrastructure improvements throughout the Silicon Heartland region. This offering presents an opportunity to acquire commercial real estate and an established operating business in one of Central Ohio's fastest-growing markets.
Potential exists for continued operation, modernization, expanded product offerings, and long-term ownership of the underlying commercial real estate asset.
Monthly Cost Estimate
$2,139/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
340 Mount Vernon Road
Newark, OH 43055
Downtown Newark
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 340 Mount Vernon Road is listed at $399,900 ($155/sqft). The estimated monthly payment is $2,139 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1953, 0.23 acre lot.
This property is listed by Rudolph V Stefanitsis and can be reached at 6146790397.