Share This Listing

Message

966 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Fully leased with consistent in-place income
  • Attractive 9% CAP rate at list price
  • 30,692± SF multi-tenant professional office building
  • Financials & current rent roll available with signed NDA

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
31,884 SF
Building Class
B
Year Built
1955
Price
$1,550,000
Price Per SF
$48.61
Cap Rate
9.26%
NOI
$143,600
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,481 SF
Slab To Slab
11’
Building FAR
0.35
Lot Size
2.08 AC
Zoning
General Business

Amenities

  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Educational Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The Buckeye Ranch is a statewide Ohio nonprofit public charity dedicated exclusively to restoring hope and providing healing for children and families through behavioral health, education, and child welfare services. From trauma-informed care to motivational interviewing, The Buckeye Ranch ensures that the organization’s approaches to treating children, youth, and families are strength-based and culturally responsive, offering the best possible chance for the people we serve to overcome obstacles and past traumas and live better lives. The entire continuum of care we provide at The Buckeye Ranch is informed by evidence-based priorities, the innovative therapeutic philosophies practiced by our team members, and the commitment to our community’s youth demonstrated by our leadership. We work hard to ensure our approaches to treating children, youth, and families in our programs are solid and culturally responsive, offering the best possible chance of a positive outcome.

  • Licking Valley Driving School
  • -
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Educational Services - $9.99 Lorem Ipsum Jan 0000
Licking Valley Driving School - - $9.99 Lorem Ipsum Jan 0000
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
054-217740-00.001
Land Assessment
$105,530
Improvements Assessment
$235,340
Total Assessment
$340,870
  • Listing ID: 39250905

  • Date on Market: 1/29/2026

  • Last Updated:

  • Address: 195 Union St, Newark, OH 43055

Contact the Sale Advisor

195 Union St

Have an account? Log In

What's your inquiry about?*

Select Option

Select at least one option

Preferred Date*

Preferred date is required

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

Hmm, there seems to have been an error sending your message. Please refresh the page and try again.

Your message has been sent.
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}