55 W Church Street, 1, Newark, OH 43055
New Listing
$849,000
Property Type:
Commercial Lease
Square Footage:
10,650
Lot Size (sq. ft.):
19,602
Status:
Active
Current Price:
$849,000
List Date:
1/21/2026
Last Modified:
1/21/2026
Description
A rare downtown investment with built-in income and private parking, this 10,650 SF commercial building delivers exceptional value for buyers. The property is being sold with a tenant in place currently operating as Underground Gym, providing immediate revenue potential. Zoned Downtown Commercial, it supports long-term flexibility for future use. A standout feature is the inclusion of 24 private on-site parking spaces, an uncommon and highly desirable asset in a downtown setting. Please note, no equipment will transfer with the sale. This offering combines stability, functionality, and rarity in one compelling investment.
Supplements: ********
More Information MLS# 226001997
Location & Property Info
List Price/SqFt: 79.72
City (Mailing Addr): Newark
Corp LimitPerAuditor: Newark
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: Yes
Lease Rate $/Sq Ft: 10
General Property Info
Total SqFt Available: 10650
Bldg Sq Ft: 10650
Max Cont Sqft Avail: 5200
Minimum Sqft Avail: 2600
Total Parking: 24
# of Docks: 0
Lot Size (Side): 198
# of Floors Above Gr: 2
Acreage: 0.45
Tax Info
Zoning: Commercial
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 8128
Parcel #: 054-202056-00.000
Tax Year: 2024
Remarks & Misc
Property Description: A rare downtown investment with built-in income and private parking, this 10,650 SF commercial building delivers exceptional value for buyers. The property is being sold with a tenant in place currently operating as Underground Gym, providing immediate revenue potential. Zoned Downtown Commercial, it supports long-term flexibility for future use. A standout feature is the inclusion of 24 private on-site parking spaces, an uncommon and highly desirable asset in a downtown setting. Please note, no equipment will transfer with the sale. This offering combines stability, functionality, and rarity in one compelling investment.
Income/Expenses
Gross Income: 0
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 849000
List Price: $849,000
Property Sub Type: Retail
Street #: 55
Street PreDirection: W
Street Name: Church
Street Suffix: Street
Unit/Suite #: 1
County: Licking
State: OH
Zip Code: 43055
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2026-01-21
Property Features
Addl Acceptance Cond: None Known
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Shai-Hess Commerical Real Estate, LLC
Listing Agent:
Joseph Gebhart
Last Updated: January - 21 - 2026
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