705 High AveNew Philadelphia, OH 44663

  • Commercial real estate
  • 11,068 SF
For Lease
$25/SF/YR View listing

Property Details for 705 High Ave

Year built
2006
Lot size
1.66 AC
Property size (Sq ft)
11,068 SF
Property type
Commercial real estate
APN
43-02548.000
APU
4302548000

Description

This exceptional 11,126 square foot former Rite Aid building presents a remarkable opportunity for owner-users or investors. Situated on a 1.657-acre lot in New Philadelphia, Ohio, at the signalized intersection of West High Avenue and Tuscarawas Avenue NW, this single-tenant property boasts high visibility and accessibility. Built in 2006, the building features 56 paved parking spaces, convenient access from three separate roads, and a double drive-thru. Inside, you'll find a well-maintained space with a mezzanine storage area accessible by an elevator lift, a security system with interior and exterior cameras, an automatic front entry door, and robust 480-volt, 300-amp electrical service. The property's digital signage adds to its marketing potential. The zoning allows for a variety of uses, and the location benefits from high traffic counts of 21,927 vehicles per day at the intersection. This property is ideally positioned near other major retailers, including Walmart, Menards, Tractor Supply, Goodwill, and Dollar Tree, ensuring high foot traffic and brand recognition. This is a truly exceptional opportunity to acquire a well-maintained, high-visibility retail space in a thriving commercial area. The property is available for sale or lease.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,409,278
    Hospitality
    $2,206,886
    Educational
    $1,836,103
    Medical
    $1,899,250
    Retail
    $2,856,161

Location Insight

City
New Philadelphia
County
Tuscarawas
State
Ohio
Latitude
40.4924
Longitude
-81.4595
CBSA code
35420
CBSA name
NEW PHILADELPHIA-DOVER, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,720
$347,210
$923,040
$1,270,250
-
$347,210
$923,040
$1,270,250

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