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225-235 S 21st St 23,760 SF 100% Leased Retail Building Newark, OH 43055 $2,172,800 CAD ($91.45 CAD/SF) 10% Cap Rate
Investment Highlights
- Ample Parking
- High Visible
Executive Summary
Income-producing retail investment with strong in-place tenancy.225–235 South 21st Street offers a 21,300 SF strip center positioned on approximately 1.88 acres, providing investors with a stabilized commercial asset and established tenant mix. Zoned General Commercial, the property is currently occupied by 10 tenants and offers a 10%+ cap rate, making it a compelling opportunity for a retail or strip center investor seeking immediate income. The building’s multi-tenant configuration supports diversified rent streams, while the site layout allows for convenient access, parking, and visibility for individual users. 2025 and YTD 2026 financials are available with a signed NDA. Sale is subject to the seller splitting off 1 acre of the parcel.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
23,760 SF
Building Class
B
Year Built
1986
Price
$2,172,800 CAD
Price Per SF
$91.45 CAD
Cap Rate
10%
NOI
$217,280 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
2.63 AC
Zoning
General Commercial - Allows for a wide range of commercial uses such as retail stores, restaurants, offices, etc.
Parking
100 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
384’ on S 21st St
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $365,030 CAD | |
| Land Assessment | $169,207 CAD | Total Assessment | $534,237 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$169,207 CAD
Improvements Assessment
$365,030 CAD
Total Assessment
$534,237 CAD
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225-235 S 21st St
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