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55 W Church St 2,600 - 5,200 SF of Office/Retail Space Available in Newark, OH 43055
HIGHLIGHTS
- 5,200 SF available: 2,600 SF on the main level and 2,600 SF on the second level
- Rare downtown feature with 24 private on-site parking spaces
- Zoned Downtown Commercial, allowing a variety of retail and service uses
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste B | 2,600 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $26,000 /YR $2,167 /MO | Triple Net (NNN) | ||
| 2nd Floor, Ste C | 2,600 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $26,000 /YR $2,167 /MO | Triple Net (NNN) |
1st Floor, Ste B
This 10,650 SF building offers a rare leasing opportunity with 5,200 SF available, including 2,600 SF on the main level and 2,600 SF on the second level. Zoned Downtown Commercial, the space provides excellent flexibility for retail, service, wellness, or boutique-style users. A highly desirable feature is the inclusion of 24 private on-site parking spaces, a rare advantage that adds convenience for customers and staff. Please note, no equipment shown in photos is included with the lease. This is an ideal opportunity for tenants seeking functional space with exceptional parking in a prime commercial setting. 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.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
2nd Floor, Ste C
This 10,650 SF building offers a rare leasing opportunity with 5,200 SF available, including 2,600 SF on the main level and 2,600 SF on the second level. Zoned Downtown Commercial, the space provides excellent flexibility for retail, service, wellness, or boutique-style users. A highly desirable feature is the inclusion of 24 private on-site parking spaces, a rare advantage that adds convenience for customers and staff. Please note, no equipment shown in photos is included with the lease. This is an ideal opportunity for tenants seeking functional space with exceptional parking in a prime commercial setting. 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.
- Lease rate does not include utilities, property expenses or building services
- Mostly Open Floor Plan Layout
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 5,200 SF | Gross Leasable Area | 10,650 SF |
| Property Type | Retail | Year Built | 1920 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 2.25/1,000 SF |
| Total Space Available | 5,200 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 10,650 SF |
| Year Built | 1920 |
| Parking Ratio | 2.25/1,000 SF |
ABOUT THE PROPERTY
This 10,650 SF building offers a rare leasing opportunity with 5,200 SF available, including 2,600 SF on the main level and 2,600 SF on the second level. Zoned Downtown Commercial, the space provides excellent flexibility for retail, service, wellness, or boutique-style users. A highly desirable feature is the inclusion of 24 private on-site parking spaces, a rare advantage that adds convenience for customers and staff. Please note, no equipment shown in photos is included with the lease. This is an ideal opportunity for tenants seeking functional space with exceptional parking in a prime commercial setting. 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.
NEARBY MAJOR RETAILERS
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55 W Church St
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