Colonial Center

1012 - 1066 Mount Vernon Road, Newark, OH 43055

Property Information

  • For Sale $2,500,000
  • Property Type Retail - Strip
  • Property Size 44,000 SF
  • Lot Size 4.26 Acre
  • Year Built 1964
  • Date Updated Apr 27, 2026

Description

Located along highly traveled Mount Vernon Road near the Deo Drive intersection, this site delivers excellent visibility and strong daily traffic exposure. Prominent frontage supports high-impact signage and brand recognition. Positioned within an established commercial corridor with nearby residential rooftops, the location offers consistent activity and strong long-term demand drivers for retail investment.A compelling retail strip center investment with built-in stability and value-add potential, this 44,000± SF property is anchored by Family Dollar and positioned for strong retail performance. The center offers prominent building and road signage, a large parking lot with 250+ spaces, and a flexible layout for multiple tenant configurations. Situated on 4.26± acres and zoned General Commercial, it provides long-term versatility for an investor or owner-user. A 3,600 SF available suite presents an excellent owner-user opportunity, well suited for a small restaurant concept. Gross monthly income, with 70% occupancy is $25,4000. Financials available upon request with a signed NDA.

Highlights

  • 250+ space parking lot to support high-volume retail use
  • 3,600 SF available—strong owner-user opportunity
  • 44,000± SF retail strip center on 4.26± acres
  • Anchored by Family Dollar
  • Total of 10,000 SF available including three 1,600 SF units

Contacts

Stephen Layman

Shai-Hess Commercial Real Estate

Location

Contact Listing Broker
Stephen Layman

Shai-Hess Commercial Real Estate

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