195 Union St - Office FOR SALE


Newark, OH 43055
$1,550,000 USD
740-819-2673
195 Union St, Newark, OH for Sale
$1,550,000 USD
Office - FOR SALE
1/24
null | 9.26% Cap Rate

195 Union St
Newark, OH 43055


HIGHLIGHTS

  • Fully leased with consistent in-place income
  • 30,692± SF multi-tenant professional office building
  • Attractive 9% CAP rate at list price
  • Financials & current rent roll available with signed NDA

OVERVIEW

An outstanding investment opportunity awaits! This 30,692± SF multi-tenant professional office building presents an attractive proposition for investors. Fully leased and generating consistent income, the property offers strong stability and long-term value. The list price reflects an 9% CAP rate, providing a compelling return profile for qualified buyers. Planned parking lot asphalt improvements are scheduled for summer 2026, further supporting the property’s long-term appeal and functionality. Financials and a current rent roll are available upon execution of a signed NDA, offering a complete picture of performance and revenue potential. This well-positioned asset makes a strategic and reliable addition to any investment portfolio. Located just off the Grant Street exit on SR-79, 195 Union Street offers exceptional accessibility and convenience for office users. This well-positioned location provides quick and easy access to downtown Newark, placing your business just minutes from government offices, financial institutions, dining, and everyday services. Its central setting supports strong connectivity while maintaining a professional and easily reachable address, making it an ideal choice for businesses that value efficiency, visibility, and convenience.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

9.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

General Business

APN/PARCEL ID

054-217740-00.001

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.