705 High Ave New Philadelphia, OH 44663-2057
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.
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Rite Aid Pharmacy
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Philip G. Ruffini, RPH Pharmacy
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higi Physician
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Western Union Bank Credit Union
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Amazon Locker - Sonja Courier Service Postal Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.