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$1,725,000
Est. payment /mo
21,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Shopping Center
Listing Status Active
Purchase Type For Sale
Square Footage 21,300 sqft
Price per Sqft $80
MLS Listing ID 226042406
Property Sub-Type Shopping Center
Source Columbus and Central Ohio Regional MLS
Property Description
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.
Location
State OH
County Licking
Zoning General Comm.
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 054-245358-00.000
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Listed by Joseph Gebhart Shai-Hess Commerical Real Estate, LLC
Nearby Locations
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Emily Stephen
Central Ohio Expert License ID: 2020005787
Central Ohio Expert License ID: 2020005787