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1012-1066 Mt Vernon Rd
Newark, OH 43055
Colonial Center · Retail Property For Sale
Investment Highlights
- 44,000± SF retail strip center on 4.26± acres
- 3,600 SF available—strong owner-user opportunity
- 250+ space parking lot to support high-volume retail use
- Anchored by Family Dollar
- Total of 10,000 SF available including three 1,600 SF units
Executive Summary
A compelling retail strip center investment with built-in stability and value-add potential, this 44,000± SF property is anchored by Family Dollar and positioned for strong retail performance. The center offers prominent building and road signage, a large parking lot with 250+ spaces, and a flexible layout for multiple tenant configurations. Situated on 4.26± acres and zoned General Commercial, it provides long-term versatility for an investor or owner-user. A 3,600 SF available suite presents an excellent owner-user opportunity, well suited for a small restaurant concept. Gross monthly income, with 70% occupancy is $25,4000. Financials available upon request with a signed NDA.
Located along highly traveled Mount Vernon Road near the Deo Drive intersection, this site delivers excellent visibility and strong daily traffic exposure. Prominent frontage supports high-impact signage and brand recognition. Positioned within an established commercial corridor with nearby residential rooftops, the location offers consistent activity and strong long-term demand drivers for retail investment.
Located along highly traveled Mount Vernon Road near the Deo Drive intersection, this site delivers excellent visibility and strong daily traffic exposure. Prominent frontage supports high-impact signage and brand recognition. Positioned within an established commercial corridor with nearby residential rooftops, the location offers consistent activity and strong long-term demand drivers for retail investment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
45,000 SF
Building Class
B
Year Built/Renovated
1964/1996
Price
$3,421,975 CAD
Price Per SF
$76.04 CAD
Percent Leased
83%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
4.30 AC
Zoning
General Commercial
Parking
250 Spaces (5.56 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 054-270666-00.000 | Improvements Assessment | $691,978 CAD |
| Land Assessment | $408,173 CAD | Total Assessment | $1,100,151 CAD |
Property Taxes
Parcel Number
054-270666-00.000
Land Assessment
$408,173 CAD
Improvements Assessment
$691,978 CAD
Total Assessment
$1,100,151 CAD
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