417 Broadway StNew Philadelphia, OH 44663

Property Details for 417 Broadway St

Year built

1984

Lot size

12.28 AC

Property size (Sq ft)

88,889 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

43-00619.000

APU

4300619000

Description

This exceptional 11,600 square foot retail space, located at 417 S Broadway St in New Philadelphia, Ohio, presents a unique investment opportunity. Situated in Tuscarawas County, this single-tenant property offers a completely vacant building, ready for immediate occupancy. The building's substantial size provides ample space for a variety of retail uses, making it ideal for a large-format retailer or a business requiring significant square footage. The property's previous use as an Ace Hardware store suggests a history of successful retail operations within the building. The address, 417 S Broadway St, places the property in a high-visibility location, benefiting from significant foot and vehicle traffic. With its convenient location and substantial size, this property is well-suited for a business seeking to establish a strong presence in the New Philadelphia market. The entire 11,600 square feet is available, offering flexibility in layout and design to suit the needs of a new tenant. This is a rare opportunity to acquire a substantial, vacant retail building in a desirable location. The property is categorized as Commercial-Specialty retail. The zip code is 44663. This property is ready for immediate development and offers significant potential for growth and return on investment. Interested parties are encouraged to inquire further.

• CAP approach

  CAP return

  Valuation

  6%

  $24,849,842

  6.5%

  $22,938,316

  7%

  $21,299,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,952,986

  Geo Method

  $20,952,986

• Alternative Use

  Use

  Valuation

  Residential

  $19,349,328

  Hospitality

  $17,723,880

  Educational

  $14,746,061

  Medical

  $15,253,200

  Retail

  $22,938,316

Location Insight

City

New Philadelphia

County

Tuscarawas

State

Ohio

Latitude

40.4824

Longitude

-81.4461

CBSA code

35420

CBSA name

NEW PHILADELPHIA-DOVER, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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