4 N Park PlaceNewark, OH 43055

4 N Park PlaceNewark, OH 43055

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$129,900 Active
Commercial - Business MLS 226001110

Listed By

Agency Name: Real of Ohio
Agency Phone: 855-450-0442
Agent Name: Siara B Kopis

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Established Business Opportunity in the Heart of Downtown Newark.Rare opportunity to acquire a profitable, turn-key retail food business located in one of downtown Newark's most vibrant and walkable districts. This 1,800 sq ft commercial space showcases timeless architecture and historic charm, perfectly positioned among local shops, dining, and year-round community activity.The business offers four years of clean operating history with consistent revenue growth, increasing from approximately $258,000 in 2022 to $430,000 in 2025. The sale includes commercial-grade fixtures and appliances, seating, dƩcor, menu, recipes, trained employees, vendor list, and comprehensive owner training, providing a seamless transition for new ownership.Operations are already partially delegated, with limited owner involvement and an established in-store management structure???making this an excellent opportunity for an owner-operator or an investor looking to build upon a proven foundation.The business operates under a sublease agreement through February 2027, with the property owner open to offering an option to renew for an additional two years following the sublease expiration.A truly exceptional chance to step into an established, growing business in one of Newark's most desirable downtown locations.

4 N Park Place | MLS# 226001110

This commercial property located at 4 N Park Place, Newark, OH 43055 is currently listed for sale with an asking price of $129,900. Search Newark real estate on 762hunterstrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Days on Market: 61
Lot Size: 0.04 Acres
Taxes: $6,619

Feature Descriptions

Parcel #: 054-201840-00.000

Demographics

Licking County Demographic Information for 4 N Park Place, Newark, OH 43055
Fips
Fips Code 39089
Population
2020 to 2023 Change up 2.6%
2010 Count 166,492
2020 Count 178,519
2023 Estimate (V2023) 183,201
2020 Estimate (V2023) 178,513
Age Distribution (Years Old)
0 to 4 5.7%
5 to 17 22.7%
18 to 64 53.8%
65 and Older 17.8%
Gender
Male 49.6%
Female 50.4%
Place of Birth
Foreign 3.8%
US 96.2%
Education
High School Graduate, Age 25+ 93.2%
Bachelor's Degree or Higher, Age 25+ 29.5%
Computer and Internet use
Households with a computer 94.3%
Households with a broadband Internet subscription 91.1%
Language
English is Second Language, Age 5+ 5.1%
English is First Language, Age 5+ 94.9%
Veterans
Veterans 12,115
Income
Per Capita Income $39,760
Median Household Income $78,505
People in Poverty 10.2%
Commute
Average Work Commute Time 27 minutes
Housing
Total Housing Units 73,313
Households 67,239
Average Household Size 2.61
Owner-Occupied 73.5%
Multi-Family 17.2%
Owner-Occupied Median Value $232,200
Median selected monthly owner costs -with a mortgage $1,608
Median selected monthly owner costs -without a mortgage $577
Median gross rent $960
Building Permits
New Private Housing Issued 2023 180
Years at Residence
1 Year or More 88.3%
Less Than 1 Year 11.7%
Business and Employment
Private non-farm Establishments 3,146
Private non-farm Employment 56,578
Private non-farm Employment Growth up 2.2%
Nonemployer Establishments 13,255
Number of Firms 13,336
Business Production
Value of Shipments $3,385,197,000
Wholesale Trade $967,362,000
Retail Trade $2,497,946,000
Retail Sales Per Capita $14,653
Accommodation and Food Services $240,471,000
Land
Land Area 682.50 sq. miles
Population Per Square Mile 244

Source: US Census Bureau