1500 E Main St - Office FOR SALE


Newark, OH 43055
$8,500,000 USD
740-819-2673
1500 E Main St, Newark, OH for Sale
$8,500,000 USD
Office - FOR SALE
1/38
null | Request Cap Rate

1500 E Main St
Newark, OH 43055


HIGHLIGHTS

  • Property is located on a 21.5 acre Campus
  • Built in 1997
  • Building Capacity: 500 + employees
  • 84 Windows
  • 25 Heated underground executive parking spaces

OVERVIEW

A landmark Class A office asset of this scale is a rare offering in today’s market. Built in 1997 and situated on a 21.5-acre campus, this seven-story, 180,000 SF building offers an impressive professional setting with high-end finishes throughout. The property features a media room, on-site workout facility, glass elevators overlooking the atrium, and locally sourced woodwork that adds warmth and character to the space. Zoned General Commercial District and designed to support 500+ employees, the building also includes 25 heated underground executive parking spaces and 555 total parking spaces, making it a premier opportunity for office investors or users. This iconic building is highly visible from SR-16, offering a standout location at 1500 E Main Street in the heart of Licking County. Conveniently positioned in Newark, near The Ohio State University at Newark and Denison University, the property provides easy regional access to Columbus and close proximity to Intel’s expanding presence in Central Ohio.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Basket

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Restaurant, Medical

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

A

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

580

LAND DETAILS

LAND ACRES

21.5 AC

LAND SF

936,540 SF

ZONING

GC

APN/PARCEL ID

055-282708-00.000,055-282744-00.001

ASK ABOUT THIS PROPERTY

Brandon HessShai · Hess Commercial Real EstateMore Info
740-819-2673

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Brandon HessShai · Hess Commercial Real EstateMore Info
740-819-2673

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.