341 Graff Rd - Freestanding FOR SALE


New Philadelphia, OH 44663
$2,400,000 USD
330-243-0076
341 Graff Rd, New Philadelphia, OH for Sale
$2,400,000 USD
Freestanding - FOR SALE
1/35
null | 6% Cap Rate

341 Graff Rd
New Philadelphia, OH 44663


HIGHLIGHTS

  • High Traffic Count from US 250- 20k+

OVERVIEW

Prime Multi-Tenant Investment Opportunity – High Visibility Location! Outstanding multi-tenant commercial investment property located at 341 Graff Rd SE, New Philadelphia, Ohio, positioned in one of the area’s most highly trafficked corridors. This property benefits from a direct line of sight to US Route 250, with an impressive daily traffic count exceeding 20,000 vehicles, offering exceptional exposure and visibility for tenants. Strategically situated near major retail, dining, and service hubs, this location serves as a key commercial artery for New Philadelphia, making it highly desirable for long-term tenancy and continued growth. Easy access to primary roadways further enhances convenience for both customers and employees. The building is fully leased with two established, long-term tenants, both of whom recently renewed their lease agreements, Aspen Dental – 9-year lease at $8,000/month U.S. Military Service Branch – 5-year lease at $4,007/month, currently undergoing a $40,000 interior renovation, adding further value to the asset Tenants are responsible for their own utilities, offering a favorable expense structure for ownership. Recent maintenance and property care further enhance the investment, including a furnace that is on an active maintenance plan, a roof that was inspected and serviced within the past year, and a parking lot that was professionally resealed last year. Tenants pay their utilities. Taxes are reimbursed within approximately 45–90 days. Common Area Maintenance (CAM) expenses are shared between tenants, with approximately 33.2% allocated to the U.S. Military tenant and 67% to Aspen. This is a rare opportunity to acquire a well-located, income-producing asset with strong national/regional tenants in a high-demand commercial area.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$501 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

C

APN/PARCEL ID

4307587005

ASK ABOUT THIS PROPERTY

Stephanie ReiserKaufman RealtyMore Info
330-243-0076

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Stephanie ReiserKaufman RealtyMore Info
330-243-0076

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.