5 3Rd St Newark, OH 43055

This exceptional special-purpose property, located at 5 N 3rd Street in Newark, Ohio, presents a unique investment opportunity. Boasting 11,088 square feet across three stories, this building sits prominently on the square overlooking the courthouse. The asking price is $649,900, translating to $58.61 per square foot. The property sits on a 3,484.8 square foot lot. The ground floor currently houses Mariposa Mexican Cuisine, situated within a usable basement area. The second floor, recently updated with over $50,000 in improvements, offers a spacious 2,772 square foot open area featuring exposed brick and high ceilings. This adaptable space is ideal for various business or office uses, subject to building approvals. The third floor is a fully developed loft space, showcasing 14-16 foot tin ceilings, Venetian plaster walls, exposed brick, an open kitchen, a full bathroom with a jetted tub, and laundry facilities. Currently utilized as an Airbnb, this floor offers versatile potential. This property's prime downtown location provides unparalleled visibility and accessibility, making it an exceptional investment in the heart of historic Newark. The property's size and unique features make it suitable for a variety of commercial uses.