For Sale
Colonial Center
1012 - 1066 Mount Vernon Road, Newark, OH 43055
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.
Key features
- 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
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Contacts
Stephen Layman
Shai-Hess Commercial Real Estate
Building Details
- 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
Attachments
Getting Around
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Walk Score ®
Car-Dependent (49) -
Bike Score ®
Somewhat Bikeable (38)
Powered by Walk Score ®
Location
- City Newark, OH
- Zip Code 43055
- Market Columbus
Points of Interest
Speedway
0.55 miles
Murphy USA
0.56 miles
Turkey Hill
0.72 miles
Duchess
1.04 miles
GetGo
3.77 miles
ALDI
0.45 miles
Walmart Supercenter
0.68 miles
Kroger
0.79 miles
Giant Eagle
3.39 miles
Big Lots
3.57 miles
Sears
4.04 miles
Indian Mound Mall
4.06 miles
JCPenney
4.08 miles
Target
4.09 miles
1012 - 1066 Mount Vernon Road Listing Summary
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What is the asking price at Colonial Center?
Colonial Center is currently listed for sale at Contact for pricing.
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What is the total size of Colonial Center?
Colonial Center has a total of 44,000 square feet.
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What is the year built for Colonial Center?
The year built for Colonial Center is 1964.
Contact Listing Broker
Stephen Layman
Shai-Hess Commercial Real Estate