1241 Monroe StNew Philadelphia, OH 44663

Property Details for 1241 Monroe St

Year built

1975

Lot size

2.03 AC

Property size (Sq ft)

24,491 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

43-06965.002

APU

4306965002

Description

This exceptional 1,300 square foot retail space, located at 1241 Monroe NW in New Philadelphia, Ohio, presents a fantastic leasing opportunity. Situated on a 2.034-acre lot, this single-story, Class B building was constructed in 1975 and offers a versatile layout ideal for a variety of businesses. The space includes a welcoming reception room, a comfortable waiting area, four private offices perfect for individual work or small teams, a spacious open bullpen area for collaborative work, a convenient breakroom, two restrooms, and ample storage. The property's convenient location in Tuscarawas County (APN 4306965002) provides excellent visibility and accessibility. A Net, Net, Net (NNN) lease is available at a rate of $2.95 per square foot per year, totaling $319.58 per month. This NNN fee encompasses real estate taxes, insurance, snow removal and salting, landscaping, exterior window maintenance, security lighting, and trash removal. The total monthly rent, inclusive of the NNN fee, is $1,294.58, plus utilities. This property is ready for immediate occupancy and offers a cost-effective solution for businesses seeking a well-maintained and functional space in a desirable location. The zip code is 44663.

• CAP approach

  CAP return

  Valuation

  6%

  $6,846,714

  6.5%

  $6,320,043

  7%

  $5,868,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,773,038

  Geo Method

  $5,773,038

• Alternative Use

  Use

  Valuation

  Residential

  $5,331,193

  Hospitality

  $4,883,344

  Educational

  $4,062,885

  Medical

  $4,202,614

  Retail

  $6,320,043

Location Insight

City

New Philadelphia

County

Tuscarawas

State

Ohio

Latitude

40.5061

Longitude

-81.4564

CBSA code

35420

CBSA name

NEW PHILADELPHIA-DOVER, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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