22 22Nd StNewark, OH 43055

Property Details for 22 22Nd St

Year built

1925

Lot size

0.14 AC

Property size (Sq ft)

2,166 SF

Property type

Commercial real estate

APN

054-233508-00.000

APU

5423350800000

Description

This exceptional investment opportunity presents a fully rented 2,500 square foot shopping center situated at 22 N 22nd Street in Newark, Ohio. The property boasts a highly desirable location off West Main Street, ensuring excellent visibility and high traffic counts due to its proximity to a minor artery. The center's strong tenant occupancy is a key advantage, providing immediate and consistent cash flow. The income-generating portfolio includes two separately rented office spaces, perfectly suited for a variety of professional businesses, and a single, rented apartment unit, adding further diversification to the revenue stream. The 0.14-acre lot provides ample space for parking and potential future expansion. The asking price of $350,000 represents a compelling value for this established, income-producing property in a thriving location. This turnkey investment is ideal for those seeking a stable and profitable addition to their real estate portfolio. The property's current occupancy and strategic location make it a low-risk, high-reward opportunity. Serious inquiries are encouraged to explore this exceptional offering further. Financial statements and tenant information are available upon request. Don't miss this chance to acquire a well-established, income-producing property in a prime Newark location.

• Alternative Use

  Use

  Valuation

  Residential

  $471,494

  Hospitality

  $431,886

  Educational

  $359,324

  Medical

  $371,682

  Retail

  $558,949

Location Insight

City

Newark

County

Licking

State

Ohio

Latitude

40.0517

Longitude

-82.4315

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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