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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