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Property profile & analytics
OFF-MARKET Estimated value $6,150,000
Grocery and convenience stores

417 Broadway St New Philadelphia, OH 44663-3863

88,889 SF 12.28 ac lot Built 1984
Entity Owned 8-yr Hold Free & Clear
Property ID
US66-1385158
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1984
Total area 88,889 SF
Lot 12.28 ac (534,786 SF)
APN 43-00619.000
UPID US66-1385158
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • The Restaurant at Buehler’s Restaurant
  • Buehler's Fresh Foods New Philadelphia Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.84M
Blend (final) Blend
$6.15M
Owner & transaction history
Spartan Prop Management INC · 8 yrs held
Spartan Prop Management INC
since 2017
3 recorded transactions
2018
Price N/A
2018
Price N/A
2017
$15,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $8.7M +10.7%
Office building $7.9M +0.9%
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