55 Church StNewark, OH 43055

Property Details for 55 Church St

Year built

1920

Lot size

0.23 AC

Property size (Sq ft)

10,650 SF

Property type

Retail space

APN

054-202056-00.000

APU

5420205600000

Description

This exceptional mixed-use property, located at 55 Church Street in Newark, Ohio, presents a compelling investment opportunity. The building boasts a substantial 10,650 square feet of space, offering significant potential for a variety of commercial ventures. Its mixed-use zoning allows for flexible development and adaptation to suit diverse business needs. The property sits on a lot with no acreage specified, making it ideal for a business requiring convenient access and minimal land maintenance. The asking price is $849,000, representing a strong value proposition in the Newark commercial real estate market. This location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving community. The building's substantial square footage provides ample space for expansion or division into multiple units, catering to a range of business models. Given its size and versatile zoning, this property is well-suited for a variety of uses, from retail and office space to light industrial or service-based businesses. Serious inquiries are encouraged to explore the full potential of this remarkable investment opportunity in the heart of Newark. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Further details regarding the building's layout and internal specifications are available upon request. Don't miss this chance to acquire a significant commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,977,318

  6.5%

  $2,748,294

  7%

  $2,551,987

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,510,426

  Geo Method

  $2,510,426

• Alternative Use

  Use

  Valuation

  Residential

  $2,318,288

  Hospitality

  $2,123,540

  Educational

  $1,766,760

  Medical

  $1,827,522

  Retail

  $2,748,294

Location Insight

City

Newark

County

Licking

State

Ohio

Latitude

40.0581

Longitude

-82.4053

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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