195 Union Street, Newark, OH 43055
New Listing
$1,795,000
Property Type:
Office
Square Footage:
34,880
Lot Size (sq. ft.):
87,556
Status:
Active
Current Price:
$1,795,000
List Date:
2/23/2026
Last Modified:
2/23/2026
Description
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 8% CAP rate, providing a compelling return profile for qualified buyers. 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.
Fully leased with consistent in-place income
30,692± SF multi-tenant professional office building
Attractive 8% CAP rate at list price
Financials & current rent roll available with signed NDA
Supplements: ********
More Information MLS# 226005110
Location & Property Info
List Price/SqFt: 51.46
City (Mailing Addr): Newark
Corp LimitPerAuditor: Newark
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0
General Property Info
Max Cont Sqft Avail: 34880
Minimum Sqft Avail: 34880
Total Available Sqft: 34880
# of Docks: 0
Building Sqft: 34880
# of Elevators: 1
Use Code: 447 - OFFICE BLDG 1 AND 2 STORY
# of Floors Above Gr: 2
Acreage: 2.01
Tax Info
Zoning: General Office
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 10506
Parcel #: 054-217740-00.001
Tax Year: 2024
Remarks & Misc
Property Description: 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 8% CAP rate, providing a compelling return profile for qualified buyers. 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.
Fully leased with consistent in-place income
30,692± SF multi-tenant professional office building
Attractive 8% CAP rate at list price
Financials & current rent roll available with signed NDA
Income/Expenses
Gross Income: 0
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
Expenses Paid by L
All: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
Heat Fuel
Gas: 1
Water Source
Public: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Alternate Uses
Commercial: 1
Building Type
Multi Tenant: 1
Auction Info
Auction/Online BiddingY/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1795000
List Price: $1,795,000
Property Sub Type: Office
Street #: 195
Street Name: Union
Street Suffix: Street
County: Licking
State: OH
Zip Code: 43055
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2026-02-23
Property Features
Addl Acceptance Cond: None Known
Expenses Paid by L: All
Heat Fuel: Gas
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Water Source: Public
Building Type: Multi Tenant
Alternate Uses: Commercial
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Shai-Hess Commerical Real Estate, LLC
Listing Agent:
Joseph Gebhart
Last Updated: February - 23 - 2026
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