340 Mount Vernon RoadNewark, OH 43055

340 Mount Vernon RoadNewark, OH 43055

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$549,900 Active
Commercial - Retail MLS 226020023

Listed By

Agency Name: Red 1 Realty
Agent Name: Rudolph V Stefanitsis
Agency Phone: 614-585-9020

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Commercial real estate and established carryout business offered together in Newark, Ohio. Sale includes the commercial building, operating business, C1/C2 beer and wine permits, inventory, equipment, fixtures, and attached tenant space.Situated on approximately 0.45 acres with LC (Limited Commercial) zoning, the property offers flexibility for a variety of commercial uses. Located less than three minutes from Downtown Newark with convenient access to State Route 16 and the greater Columbus region.The property benefits from multiple revenue sources, including retail sales, beer and wine sales, lottery sales, and tenant income from the attached pizza and sub shop. The attached tenant currently occupies a portion of the building, creating an additional income stream.Located within Newark CRA #1 and Commercial TIF District 7-2, the property is positioned within an area experiencing significant public and private investment. Licking County continues to benefit from substantial economic growth driven by semiconductor manufacturing, advanced manufacturing, technology investment, housing development, and infrastructure improvements throughout the Silicon Heartland region.This offering presents an opportunity to acquire commercial real estate and an established operating business in one of Central Ohio's fastest-growing markets. Potential exists for continued operation, modernization, expanded product offerings, and long-term ownership of the underlying commercial real estate asset.

340 Mount Vernon Road | MLS# 226020023

This commercial property located at 340 Mount Vernon Road, Newark, OH 43055 is currently listed for sale with an asking price of $549,900. Search Newark real estate on 536austindriveunitf.cutlerhomes.com today.

Property Features

Property Type: Commercial - Retail
Days on Market: 63
Lot Size: 0.23 Acres
Taxes: $2,747
Year Built: 1953

Feature Descriptions

Parcel #: 054-270120-00.000
Utilities: Sewer Available, Natural Gas Available, Electricity Available

Demographics

Licking County Demographic Information for 340 Mount Vernon Road, Newark, OH 43055
Fips
Fips Code 39089
Population
2020 to 2025 Change up 4.0%
2010 Count 166,492
2020 Count 178,519
2025 Estimate (V2025) 185,564
2020 Estimate (V2025) 178,513
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 22.3%
18 to 64 54.3%
65 and Older 18.2%
Gender
Male 49.4%
Female 50.6%
Place of Birth
Foreign 4.6%
US 95.4%
Education
High School Graduate, Age 25+ 93.5%
Bachelor's Degree or Higher, Age 25+ 29.3%
Computer and Internet use
Households with a computer 95.2%
Households with a broadband Internet subscription 92.4%
Language
English is Second Language, Age 5+ 6.8%
English is First Language, Age 5+ 93.2%
Veterans
Veterans 11,370
Income
Per Capita Income $42,609
Median Household Income $84,426
People in Poverty 9.2%
Commute
Average Work Commute Time 27 minutes
Housing
Total Housing Units 73,313
Households 68,620
Average Household Size 2.60
Owner-Occupied 73.7%
Multi-Family 17.2%
Owner-Occupied Median Value $275,200
Median selected monthly owner costs -with a mortgage $1,693
Median selected monthly owner costs -without a mortgage $631
Median gross rent $1,078
Building Permits
New Private Housing Issued 2024 156
Years at Residence
1 Year or More 90.7%
Less Than 1 Year 9.3%
Business and Employment
Private non-farm Establishments 3,277
Private non-farm Employment 77,088
Private non-farm Employment Growth up 2.2%
Nonemployer Establishments 13,733
Number of Firms 2,336
Business Production
Value of Shipments $3,385,197,000
Wholesale Trade $967,362,000
Retail Trade $2,497,946,000
Retail Sales Per Capita $14,653
Accommodation and Food Services $240,471,000
Land
Land Area 682.50 sq. miles
Population Per Square Mile 244

Source: US Census Bureau