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1401 Mount Vernon Rd
Newark, OH 43055

$7,792 - $13,961 USD/MO

Unknown For Lease • 8,500+ SF

Property Details

Property Type Unknown
Year Built 1987

0 Transit Score

37 Walk Score

2 Spaces Available

Name	Space Use	Size	Rent
1st Floor Ste	Industrial	8,500 SF	$11.00 USD/SF/YR
Former GM car dealership renovation begun to conversion to flex space. The building is a mix of existing office with existing production floor space. A 10-year/75% tax abatement takes affect starting in 2025. The location is in the middle of the largest manufacturing corridor in Central Ohio and is 30 minutes from Intel Ohio One site. The STEMFlex® concept is flex space geared toward STEM-skilled industry. Date available: 30 Days Lease term: 3 - 10 Years Service type: Triple Net Space Type: Relet
1st Floor Ste	Industrial	15,230 SF	$11.00 USD/SF/YR
Renovation expected to be completed 2Q 2024. Date available: Now Lease term: 3 - 10 Years Service type: Triple Net Space Type: Relet

Description

STEMFlex® at 1401 & 1425 Mount Vernon Road offers move-in-ready, flexible office/production space, supporting small business needs in an advantageous manufacturing corridor. This forward-thinking development totals 23,730 square feet across two buildings, providing a marriage of flex and industrial space for a STEM-skilled workforce. Each property is newly renovated, featuring drive-in doors, ample parking, and light-industrial zoning, and is fully served with industrial utilities. STEMFlex® is an ideal site for a variety of manufacturing and related enterprises, from biotech and lab users to computer science companies and engineering firms, among the few. Tenants will benefit from ownership's secured pre-approval for a 10-year/75% tax exemption on building improvements starting in 2025.

Strategically located in the middle of the largest manufacturing corridor in Central Ohio, STEMFlex® in Newark is incredibly accessible, close to driving manufacturing projects, and surrounded by strong demographics.

Positioned along Mount Vernon Road, the site seamlessly connects to significant area thoroughfares, including Interstate 70, State Route 161, and Highway 41. Intel Ohio One site, a new semiconductor foundry that is underway, is located within 30 minutes. Intel plans to invest $28 billion in the project and employ 3,000 workers. The property is also among Ohio's largest concentration of cleanroom space, further supporting this Licking County location as a STEM-centered destination.

                
                    Highlights
                
                                Two newly renovated, turnkey industrial buildings providing flexible space with fully served utilities, suited for STEM-skilled tenants.
                            
                                Situated in Licking County in the heart of the largest manufacturing corridor in Central Ohio, near Interstate 70 and State Route 161.
                            
                                1401 Mount Vernon Road offers 8,500 square feet of small business-oriented industrial/flex space, ready for immediate tenant move-in.
                            
                                1425 Mount Vernon Road is a spacious 15,230-square-foot flex providing modernized space and expansion opportunities.
                            
                                Benefit from the 10-year/75% tax abatement pre-approved for building improvements starting in the 2025 tax year.
                            
                                Surrounded by strong demographics and large tech corporations, including Boeing and Intel's new semiconductor plant that is under construction.