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55 W Church St
Newark, OH 43055
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10,650 SF commercial building zoned Downtown Commercial
- Rare downtown asset with 24 private on-site parking spaces
- Built-in income with an established tenant in place
EXECUTIVE SUMMARY
A rare downtown investment with built-in income and private parking, this 10,650 SF commercial building delivers exceptional value for buyers. The property is being sold with a tenant in place currently operating as Underground Gym, providing immediate revenue potential. Zoned Downtown Commercial, it supports long-term flexibility for future use. A standout feature is the inclusion of 24 private on-site parking spaces, an uncommon and highly desirable asset in a downtown setting. Please note, no equipment will transfer with the sale. This offering combines stability, functionality, and rarity in one compelling investment.
Located in the heart of downtown Newark, 55 W Church Street offers strong visibility and steady foot and vehicle traffic, making it an attractive setting for retail investment. Surrounded by active businesses and civic destinations, the property benefits from a walkable environment and consistent daily activity. Its prominent street presence supports excellent storefront exposure for retail or service users seeking a recognizable address.
Located in the heart of downtown Newark, 55 W Church Street offers strong visibility and steady foot and vehicle traffic, making it an attractive setting for retail investment. Surrounded by active businesses and civic destinations, the property benefits from a walkable environment and consistent daily activity. Its prominent street presence supports excellent storefront exposure for retail or service users seeking a recognizable address.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
10,650 SF
Building Class
C
Year Built
1920
Price
$1,175,364 CAD
Price Per SF
$110.36 CAD
Percent Leased
51%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.64
Lot Size
0.38 AC
Zoning
C - Commercial
Parking
24 Spaces (2.25 Spaces per 1,000 SF Leased)
Frontage
50’ on Church St
PROPERTY TAXES
| Parcel Number | 054-202056-00.000 | Improvements Assessment | $148,810 CAD |
| Land Assessment | $105,534 CAD | Total Assessment | $254,344 CAD |
PROPERTY TAXES
Parcel Number
054-202056-00.000
Land Assessment
$105,534 CAD
Improvements Assessment
$148,810 CAD
Total Assessment
$254,344 CAD
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