705 High Ave, New Philadelphia, OH 44663-2057
- Commercial real estate
- 11,068 SF
- 1.66 lot acres
Current Use by Public Records
- Rite Aid / Pharmacy
- Philip G. Ruffini, RPH / Pharmacy
- higi / Physician
- Western Union / Bank / Credit Union
- Amazon Locker - Sonja / Courier Service / Postal Service
Property Details for 705 High Ave
- Year built
- 2006
- Lot size
- 1.66 lot acres
- Property type
- Commercial real estate
- APN
- 43-02548.000
- APU
- 4302548000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 5, 2025 | $1,580,000 | Dg New Philly LLC | R2k Ranphoh LLC | Warranty Deed | — |
| Oct 11, 2018 | $4,956,000 | R2k Ranphoh LLC | Arc Ranphoh001 LLC | Limited Warranty Deed | $7.7M · Provident Bank |
| Apr 13, 2007 | $5,394,327 | Arc Ranphoh001 LLC | Wxz Retail Group/np LLC | Limited Warranty Deed | $4.5M · Bear Stearns Commercial Mortgage In |
| Mar 31, 2006 | $960,000 | Wxz Retail Group | General Store Outlet | Grant Deed | — |
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,910,000
- 6.5%
- $1,760,000
- 7%
- $1,635,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,817,000
- AI Estimate
- $2,188,000
Market price range: $554k - $1.90MMarket price range: $549k - $2.20M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,075,000 Current use
- RESTAURANT
- $1,590,000 Change: +47% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Philadelphia
- County
- Tuscarawas
- State
- Ohio
- Longitude
- -81.4595
- Latitude
- 40.4924
- CBSA code
- 35420
- CBSA name
- NEW PHILADELPHIA-DOVER, OH MICROPOLITAN STATISTICAL AREA
