195 Union Street Newark, OH $ 1,795,000
195 Union Street
$ 1,795,000
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195 Union Street

Newark, OH, 43055
$ 1,795,000
Baths0.0 Sq 34,880

Monthly Estimate*

$ 11,052

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Studio

Single Family Home for sale in Newark, OH

for $1,795,000. This 34,880 square foot home was built on a lot size of 2.01.

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. 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

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Single Family Active

Price

$ 1,795,000

Bedrooms

Studio

Property Type

Single Family

Taxes

$ 10,506

Style

Multi Tenant

Lot Size

2.01

Town/City

Newark

County/Region

Licking

MLS | Web ID

226005110

Features
General
Utilities Water Available Sewer Available Natural Gas Available Electricity Available Storm Sewer
Stories Count 2
Township None
Property Subtype Office
Tax Year 2024
Gross Income 0.0
County Licking
Net Operating Income 0.0
Operating Expense 0.0
Property Type Office
Possible Use Commercial
Status Active
City Newark
Zoning Description General Office
Lot Size Square Feet 87555.6
Land Lease Y/N N
Tax Annual Amount 10506.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Multi Tenant
Standard Status Active
Senior Community None
New Construction None
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Exterior
Water Source Public
Lot Size Area 2.01
Spa N
Building Area Total 34880.0
Lot Size Acres 2.01
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Baths 0
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Internal Only
Street Number 1 195
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* Excluded Features
List By
Joseph Gebhart

Listing Agent

Shai-Hess Commerical Real Estate, Llc

Broker

jgebhart@shai-hess.com

Email

Affordability Calculator

$11,928
Per Month
93%
7%
0%
Monthly Principal & Interest
$11,052
Monthly Property Taxes
$876
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1421267 Elementary School
1421418 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/23/2026$1,795,000 Listed Price

Map


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195 Union Street, Newark, OH, 43055 is a Single Family Home for sale at $1,795,000 with 34,880 sqft and a lot size of 2.01. 195 Union Street is a studio with 0.0 baths. The property's zip code is 43055 which is in Newark, OH