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STEMFlex® Newark, OH 43055
8,500 - 23,730 SF of Industrial Space Available
Park Highlights
- Two newly renovated, turnkey industrial buildings providing flexible space with fully served utilities, suited for STEM-skilled tenants.
- 1401 Mount Vernon Road offers 8,500 square feet of small business-oriented industrial/flex space, ready for immediate tenant move-in.
- Benefit from the 10-year/75% tax abatement pre-approved for building improvements starting in the 2025 tax year.
- Situated in Licking County in the heart of the largest manufacturing corridor in Central Ohio, near Interstate 70 and State Route 161.
- 1425 Mount Vernon Road is a spacious 15,230-square-foot flex providing modernized space and expansion opportunities.
- Surrounded by strong demographics and large tech corporations, including Boeing and Intel's new semiconductor plant that is under construction.
PARK FACTS
| Park Type | Industrial Park |
| Park Type | Industrial Park |
all available spaces(2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
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.
- Lease rate does not include utilities, property expenses or building services
- 2 Drive Ins
- Includes 4,760 SF of dedicated office space
- Central Air Conditioning
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 1st Floor | 8,500 SF | 3-10 Years | $11.00 /SF/YR $0.92 /SF/MO $93,500 /YR $7,792 /MO | Industrial | Partial Build-Out | 30 Days |
1401 Mount Vernon Rd - 1st Floor
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
Renovation expected to be completed 2Q 2024.
- Lease rate does not include utilities, property expenses or building services
- 19 Drive Ins
- Includes 4,760 SF of dedicated office space
- Central Air Conditioning
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 1st Floor | 15,230 SF | 3-10 Years | $11.00 /SF/YR $0.92 /SF/MO $167,530 /YR $13,961 /MO | Industrial | Full Build-Out | Now |
1425 Mount Vernon Rd - 1st Floor
1401 Mount Vernon Rd - 1st Floor
| Size | 8,500 SF |
| Term | 3-10 Years |
| Rental Rate | $11.00 /SF/YR |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | 30 Days |
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.
- Lease rate does not include utilities, property expenses or building services
- Includes 4,760 SF of dedicated office space
- 2 Drive Ins
- Central Air Conditioning
1425 Mount Vernon Rd - 1st Floor
| Size | 15,230 SF |
| Term | 3-10 Years |
| Rental Rate | $11.00 /SF/YR |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Renovation expected to be completed 2Q 2024.
- Lease rate does not include utilities, property expenses or building services
- Includes 4,760 SF of dedicated office space
- 19 Drive Ins
- Central Air Conditioning
SITE PLAN
Park Overview
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.
Park Brochure
DEMOGRAPHICS
Regional Accessibility
Leasing Team
Leasing Team
Rick Platt, President and CEO
The Port Authority is a public owner with an industrial development portfolio second to none in Ohio. The Port owns over one million square feet of industrial space and has developed over 700 acres of industrial property.
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STEMFlex® | Newark, OH 43055
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