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 properties

Property subtype

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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