About this property
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 9% CAP rate, providing a compelling return profile for qualified buyers. Planned parking lot asphalt improvements are scheduled for summer 2026, further supporting the property's long-term appeal and functionality. 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. Fully leased with consistent in-place income 30,692± SF multi-tenant professional office building Attractive 8% CAP rate at list price Financials & current rent roll available with signed NDA
Key facts
- Status
- Active
- Type
- Office
- Days on market
- 238
- Property taxes
- about $10,506/yr
- County
- Licking
- MLS #
- 226005110
- Listing brokerage
- Shai-Hess Commerical Real Estate, LLC
- Listing agent
- Joseph Gebhart
- Listing brokerage contact
- 740-587-7441
Price reduced 14% from $1,795,000 on May 18.
Exterior and construction
- Structure
- Multi Tenant
Lot and parking
- Lot size
- 2.01 acres
- Lot square feet
- 87,555
Systems and utilities
- Utilities
- Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
- Water
- Public
Taxes and HOA
- Property taxes
- about $10,506 a year
- Tax year
- 2024
- Parcel number
- 054-217740-00.001
Around it
ZIP 43055: 144 homes for sale · sold prices. Licking County: 497 homes for sale · county sold data. Town: everything for sale in Newark · Newark sold prices and days on market.
Is it priced right?
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Shown here through the MLS IDX program by Blacktree Realty. Listing information is provided by the Columbus and Central Ohio Regional MLS through the Internet Data Exchange program and is deemed reliable but not guaranteed. Listings held by brokerages other than Blacktree Realty are identified with the listing brokerage's name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated Oct 19, 2026, 6:08 PM.