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195 Union St
Newark, OH 43055
Office Property For Sale


Investment Highlights
- Fully leased with consistent in-place income
- Attractive 8% CAP rate at list price
- 30,692± SF multi-tenant professional office building
- Financials & current rent roll available with signed NDA
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Building Size
31,884 SF
Building Class
B
Year Built
1955
Price
$2,451,306 CAD
Price Per SF
$76.88 CAD
Cap Rate
8%
NOI
$196,104 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,481 SF
Slab To Slab
11’
Building FAR
0.35
Lot Size
2.08 AC
Zoning
General Business
Amenities
- Signage
Property Taxes
| Parcel Number | 054-217740-00.001 | Improvements Assessment | $321,387 CAD |
| Land Assessment | $144,115 CAD | Total Assessment | $465,502 CAD |
Property Taxes
Parcel Number
054-217740-00.001
Land Assessment
$144,115 CAD
Improvements Assessment
$321,387 CAD
Total Assessment
$465,502 CAD
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