225-235 S 21st St - Retail FOR SALE


Newark, OH 43055
$1,600,000 USD
225-235 S 21st St, Newark, OH for Sale
$1,600,000 USD
Retail - FOR SALE
1/5
null | 10% Cap Rate

225-235 S 21st St
Newark, OH 43055


HIGHLIGHTS

  • Ample Parking
  • High Visible

OVERVIEW

Income-producing retail investment with strong in-place tenancy.225–235 South 21st Street offers a 21,300 SF strip center positioned on approximately 1.88 acres, providing investors with a stabilized commercial asset and established tenant mix. Zoned General Commercial, the property is currently occupied by 10 tenants and offers a 10%+ cap rate, making it a compelling opportunity for a retail or strip center investor seeking immediate income. The building’s multi-tenant configuration supports diversified rent streams, while the site layout allows for convenient access, parking, and visibility for individual users. 2025 and YTD 2026 financials are available with a signed NDA. Sale is subject to the seller splitting off 1 acre of the parcel.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.63 AC

LAND SF

114,563 SF

ZONING

General Commercial

APN/PARCEL ID

054-217044-00.000,054-223914-00.000

ASK ABOUT THIS PROPERTY

Kayla MarlingShai · Hess Commercial Real EstateMore Info

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Kayla MarlingShai · Hess Commercial Real EstateMore Info

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