338 Mount Vernon Rd
Newark, OH 43055
The Party House · Retail Property For Sale

Rare opportunity to acquire an established neighborhood carryout business, commercial real estate, tenant income, inventory, equipment, Ohio Lottery retailer operations, and C1/C2 beer & wine permits in one of Ohio's fastest-growing economic regions. The current owner has successfully operated Party House Carryout for years and is preparing for retirement, creating a unique opportunity for the next owner to acquire an operating business with multiple revenue streams and significant future upside. Situated less than three minutes from Downtown Newark, this property benefits from excellent visibility, convenient access to State Route 16, and proximity to the massive economic expansion occurring throughout Licking County and the Silicon Heartland Corridor. The property is zoned LC – Limited Commercial, providing flexibility for a variety of commercial and business uses beyond the current operation. The site contains approximately 0.45 acres and is located within Newark's CRA #1 Community Reinvestment Area and Commercial TIF District 7-2, positioning the property within an area targeted for long-term commercial investment and redevelopment. Property Highlights • Commercial Real Estate Included • Operating Carryout Business Included • Ohio Lottery Retailer • C1/C2 Beer & Wine Permits Included • Current Inventory Included • Equipment Included • Additional Rental Income from Attached Tenant • Alley Cat Pizza & Subs Currently Leasing Space • Approximately 0.45 Acres • LC (Limited Commercial) Zoning • Located Within CRA #1 • Located Within Commercial TIF District 7-2 • Seller Financing Considered for Qualified Buyers • Long-Term Owner Preparing for Retirement Multiple Revenue Streams The business currently benefits from several income sources including: • Retail Carryout Sales • Beer & Wine Sales • Ohio Lottery Commissions • Rental Income from Attached Tenant • Future Real Estate Appreciation Potential The attached Alley Cat Pizza & Subs tenant currently operates under a month-to-month arrangement and may be willing to enter into a longer-term lease, creating additional investment potential for future ownership. Silicon Heartland Growth Story Licking County is experiencing unprecedented growth fueled by Intel's multi-billion-dollar semiconductor investment, major data center expansion, advanced manufacturing growth, housing development, and infrastructure improvements throughout the region. The Newark market continues to benefit from: • Intel's $28+ Billion Investment • Meta Data Center Expansion • Advanced Manufacturing Growth • New Housing Development • Downtown Newark Revitalization • Ongoing Transportation Improvements • Expanding Employment Base As population and employment continue to increase throughout Central Ohio, demand for neighborhood retail services, convenience goods, lottery sales, and beverage sales is expected to grow alongside the region. Opportunity This offering represents more than a carryout business. It is an opportunity to acquire commercial real estate, an operating business, tenant income, beer and wine permits, lottery revenue, and future growth potential within one of Ohio's most active economic development corridors. Financial information is available to qualified buyers. Private showings are available by appointment only. Please do not disturb ownership, employees, or tenants.