Property profile

705 W High Ave New Philadelphia, OH 44663

FOR LEASE
Commercial real estate
Property ID
US66-2363266
11,068 SF 1.66 ac lot Built 2006
Entity Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2006
Total area 11,068 SF
Lot 1.66 ac (72,179 SF)
APN 43-02548.000
UPID US66-2363266

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Pharmacy
  • Physician
  • Bank Credit Union
  • Courier Service Postal Service

Location

705 W High Ave New Philadelphia, OH 44663
New Philadelphia metro Census 20801 NEW PHILADELPHIA-DOVER, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.76M
Comparable Approach Comparable
$1.82M
Blend (final) Blend
$1.69M

Owner & transaction history

since 2025
Last sale
$1.6M
4 recorded transactions
2025
$1.6M
2018
$5.0M
2007
$5.4M
2006
$960,000

Zoning & alternative use

Top alternative use upside
Restaurant $1.6M +47.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message