Newark Commerce

For Sale

195 Union Street, Newark, OH 43055

This Newark property for sale is located at 195 Union Street. The general use of Newark Commerce is office and it incorporates 30,692 square feet of class B office space. The current listed sale price for Newark Commerce is $1,550,000. Newark Commerce is situated on a lot that is 2.08 acre in size.

Contacts

Brandon Hess

Shai-Hess Commercial Real Estate

Property Details

  • Property Type Office - General Office
  • Property Size 30,692 SF
  • Lot Size 2.08 Acre
  • Parking Spaces Avail. 110
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1955
  • Date Updated Jun 9, 2026
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.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 9% CAP rate, providing a compelling return profile for qualified buyers. Planned parking lot asphalt improvements are scheduled for summer 2026, further supporting the property’s long-term appeal and functionality. 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.
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Highlights

  • 30,692± SF multi-tenant professional office building
  • Attractive 9% CAP rate at list price
  • Financials & current rent roll available with signed NDA
  • Fully leased with consistent in-place income

Attachments

Getting around

  • 52/100

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  • 44/100

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Location

  • City Newark, OH
  • Zip Code 43055
  • Market Columbus

Points of Interest

  • BP

    0.07 miles

  • Speedway

    1.49 miles

  • Turkey Hill

    1.49 miles

  • GetGo

    1.55 miles

  • Duchess

    1.74 miles

  • DoubleTree by Hilton

    1.29 miles

  • Courtyard Newark Granville

    1.53 miles

  • University Inn

    1.57 miles

  • Hampton

    2.12 miles

  • Super 8 by Wyndham Heath/Newark

    2.57 miles

  • Cherry Valley Hotel, BW Premier Collection

    3.00 miles

  • Buxton Inn

    5.25 miles

  • Granville Inn

    5.25 miles

  • Best Western Lakewood Inn

    6.83 miles

  • Lake Inn

    7.98 miles

  • Giant Eagle

    0.96 miles

  • Big Lots

    1.16 miles

  • JCPenney

    1.85 miles

  • Indian Mound Mall

    1.86 miles

  • Sears

    1.87 miles

  • Target

    1.99 miles

  • Kroger

    2.04 miles

  • Gordon Food Service

    2.11 miles

  • TJ Maxx

    2.11 miles

  • ALDI

    2.13 miles

Contact Listing Broker
Brandon Hess

Shai-Hess Commercial Real Estate

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