505 Mount Vernon Road, Newark, OH 43055
$385,000
Property Type:
Commercial Lease
Square Footage:
4,800
Lot Size (sq. ft.):
17,424
Status:
Active
Current Price:
$385,000
List Date:
2/25/2026
Last Modified:
2/25/2026
Description
Up for grabs: this 4800 square feet brick office building, previously used by attorneys, counselors, and other professionals. This unique property is ideal for a variety of businesses, including financial services, insurance agencies, law firms, counseling services, medical practices, marketing, or sales offices. Its prominent corner location also makes it suitable for a coffee bar or massage therapy studio. Building to be sold ‘AS IS, WHERE IS.’
Excellent cash-on-cash & CAP rate once leased.
* Zoning: – Commercial 447 -Office
* Building Size: 4200 SF | 2-story
* Land Size: 0.40 Acres
* Year Built: 1965
* Layout: 4 separate offices
* Parking: 18 Spaces
* Great Access & Location: Right on rt 13 (Mount Vernon Ave.).
* 3.6 Miles from Licking Memorial Hospital.
* 24 Miles to New Albany
Supplements: ********
More Information MLS# 226005346
Location & Property Info
List Price/SqFt: 80.21
City (Mailing Addr): Newark
Corp LimitPerAuditor: Newark
Dist To Intersxn: 0
Office/Contract Info
For Sale: Yes
Mortgage Balance: 0
Exchange: No
For Lease: Yes
Lease Rate $/Sq Ft: 12
General Property Info
Previous Use: Office
Max Cont Sqft Avail: 4800
Minimum Sqft Avail: 2400
Total Available Sqft: 4800
Total Parking: 18
# of Docks: 0
Building Sqft: 4800
Lot Size (Side): 335
# of Elevators: 0
Year Built Status: 1967
Use Code: 447 – OFFICE BLDG 1 AND 2 STORY
# of Floors Above Gr: 1
Year Built: 1967
Acreage: 0.4
Tax Info
Zoning: Commercial
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 4854
Tax Incentive: No
Parcel #: 054-259776-00.000
Tax Year: 2024
Remarks & Misc
Property Description: Up for grabs: this 4800 square feet brick office building, previously used by attorneys, counselors, and other professionals. This unique property is ideal for a variety of businesses, including financial services, insurance agencies, law firms, counseling services, medical practices, marketing, or sales offices. Its prominent corner location also makes it suitable for a coffee bar or massage therapy studio. Building to be sold ‘AS IS, WHERE IS.’
Excellent cash-on-cash & CAP rate once leased.
* Zoning: – Commercial 447 -Office
* Building Size: 4200 SF | 2-story
* Land Size: 0.40 Acres
* Year Built: 1965
* Layout: 4 separate offices
* Parking: 18 Spaces
* Great Access & Location: Right on rt 13 (Mount Vernon Ave.).
* 3.6 Miles from Licking Memorial Hospital.
* 24 Miles to New Albany
Property Condition
Fixer: 1
Income/Expenses
Gross Income: 28800
Net Operating Income: 28800
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 1.03
T Contracts Directly
All: 1
All Utilities: 1
Building Insurance: 1
Cam: 1
Janitorial: 1
Repairs: 1
RE Taxes: 1
Construction
Brick: 1
Frame: 1
Miscellaneous
Air Condition: 1
Public Transport: 1
Security System: 1
Alternate Uses
Commercial: 1
Building Type
Multi Tenant: 1
Auction Info
Auction/Online BiddingY/N: No
New Financing
Conventional: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 385000
List Price: $385,000
Property Sub Type: Office
Street #: 505
Street Name: Mount Vernon
Street Suffix: Road
County: Licking
State: OH
Zip Code: 43055
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2026-02-25
Property Features
Addl Acceptance Cond: None Known
Property Condition: Fixer
T Contracts Directly: All; All Utilities; Building Insurance; Cam; Janitorial; Repairs; RE Taxes
Building Type: Multi Tenant
Construction: Brick; Frame
Miscellaneous: Air Condition; Public Transport; Security System
Alternate Uses: Commercial
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
Documents
Agency Relation ›
Listing Office:
Ohio Commercial Real Estate
Listing Agent:
Tony M Yacoub
Last Updated: February – 25 – 2026
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