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Mound Center 225-235 S 21st St 23,760 SF 100% Leased Retail Building Newark, OH 43055 $1,600,000 ($67.34/SF) 10% Cap Rate
Investment Highlights
- Ample Parking
- High Visible
Executive Summary
Income-producing retail investment with strong in-place tenancy!
225–235 South 21st Street offers a 21,300 SF strip center positioned on approximately 1.88 acres, providing investors with a stabilized commercial asset and established tenant mix. Zoned General Commercial, the property is currently occupied by 10 tenants and offers a 10%+ cap rate, making it a compelling opportunity for a retail or strip center investor seeking immediate income. The building’s multi-tenant configuration supports diversified rent streams, while the site layout allows for convenient access, parking, and visibility for individual users. 2025 and YTD 2026 financials are available with a signed NDA. Sale is subject to the seller splitting off 1 acre of the parcel.
Explore the vibrant neighborhood surrounding this prime Newark. Located on South 21st Street, this highly visible Newark corner lot is positioned across from Ohio’s first UNESCO World Heritage Site, Hopewell Ceremonial Earthworks. Surrounded by residential neighborhoods, nearby dining, and retail options, the site offers strong exposure, steady activity, and convenient access within a dynamic local market.
225–235 South 21st Street offers a 21,300 SF strip center positioned on approximately 1.88 acres, providing investors with a stabilized commercial asset and established tenant mix. Zoned General Commercial, the property is currently occupied by 10 tenants and offers a 10%+ cap rate, making it a compelling opportunity for a retail or strip center investor seeking immediate income. The building’s multi-tenant configuration supports diversified rent streams, while the site layout allows for convenient access, parking, and visibility for individual users. 2025 and YTD 2026 financials are available with a signed NDA. Sale is subject to the seller splitting off 1 acre of the parcel.
Explore the vibrant neighborhood surrounding this prime Newark. Located on South 21st Street, this highly visible Newark corner lot is positioned across from Ohio’s first UNESCO World Heritage Site, Hopewell Ceremonial Earthworks. Surrounded by residential neighborhoods, nearby dining, and retail options, the site offers strong exposure, steady activity, and convenient access within a dynamic local market.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
23,760 SF
Building Class
B
Year Built
1986
Price
$1,600,000
Price Per SF
$67.34
Cap Rate
10%
NOI
$160,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
2.63 AC
Zoning
General Commercial - Allows for a wide range of commercial uses such as retail stores, restaurants, offices, etc.
Parking
100 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
384’ on S 21st St
Amenities
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 054-217044-00.000 | Improvements Assessment | $268,800 |
| Land Assessment | $121,240 | Total Assessment | $390,040 |
Property Taxes
Parcel Number
054-217044-00.000
Land Assessment
$121,240
Improvements Assessment
$268,800
Total Assessment
$390,040
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Mound Center | 225-235 S 21st St