340 Mount Vernon Road, Newark, OH 43055

$549,900

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List Price
$549,900
Price Change
▼ $50,000 1782234369
Year Built
1953
MLS#
226020023
Status
ACTIVE
Acres
0.23
Subdivision
Downtown Newark

Property Description

Commercial real estate and established carryout business offered together in Newark, Ohio. Sale includes the commercial building, operating business, C1/C2 beer and wine permits, inventory, equipment, fixtures, and attached tenant space. Situated on approximately 0.45 acres with LC (Limited Commercial) zoning, the property offers flexibility for a variety of commercial uses. Located less than three minutes from Downtown Newark with convenient access to State Route 16 and the greater Columbus region. The property benefits from multiple revenue sources, including retail sales, beer and wine sales, lottery sales, and tenant income from the attached pizza and sub shop. The attached tenant currently occupies a portion of the building, creating an additional income stream. Located within Newark CRA #1 and Commercial TIF District 7-2, the property is positioned within an area experiencing significant public and private investment. Licking County continues to benefit from substantial economic growth driven by semiconductor manufacturing, advanced manufacturing, technology investment, housing development, and infrastructure improvements throughout the Silicon Heartland region. This offering presents an opportunity to acquire commercial real estate and an established operating business in one of Central Ohio's fastest-growing markets. Potential exists for continued operation, modernization, expanded product offerings, and long-term ownership of the underlying commercial real estate asset.

Additional Information

Tax Year
2025
Yearly Taxes
2747

Listing Courtesy of : Rudolph V Stefanitsis ---- Red 1 Realty

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