- For Lease $500.00/MO
- Property Type Office - General Office
- Property Size 30,692 SF
- Lot Size 2.08 Acre
- Parking Spaces Avail. 110
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1955
- Date Updated Oct 16, 2026
Description
Located just off the Grant Street exit on SR-79, 195 Union Street offers exceptional accessibility and convenience for office users. This well-positioned location provides quick and easy access to downtown Newark, placing your business just minutes from government offices, financial institutions, dining, and everyday services. Its central setting supports strong connectivity while maintaining a professional and easily reachable address, making it an ideal choice for businesses that value efficiency, visibility, and convenience.An outstanding investment opportunity awaits! This 30,692± SF multi-tenant professional office building presents an attractive proposition for investors. Fully leased and generating consistent income, the property offers strong stability and long-term value. The list price reflects an 9% CAP rate, providing a compelling return profile for qualified buyers. Planned parking lot asphalt improvements are scheduled for summer 2026, further supporting the property’s long-term appeal and functionality. Financials and a current rent roll are available upon execution of a signed NDA, offering a complete picture of performance and revenue potential. This well-positioned asset makes a strategic and reliable addition to any investment portfolio.This single professional office space is located on the second level of a fully ADA-compliant building, complete with automatic doors and elevator access. Situated along the exterior of the building, the office features a window that welcomes natural light, creating a bright and inviting workspace. Ideally situated just minutes from downtown, the property offers easy connectivity to SR-16 and SR-79. Tenants will benefit from ample parking surrounding the building and all-inclusive pricing—utilities and CAM charges are included.
Highlights
- Ample Parking
- Conveniently Located
- Lease Rate includes Utilities and CAM Charges
True
1 Space Available
Suite 2 C
Space Type
Office
Lease Rate
$500.00/MO
Total Space
175 SF
Divisible Space
175 - 175 SF
Available Date
Immediate
Lease Type
Full Service
Renewal Option
Yes
Sublease
No
Contacts
Brandon Hess
Shai-Hess Commercial Real Estate
Location
Contact Listing Broker
Brandon Hess
Shai-Hess Commercial Real Estate