126 New Pace Rd.
126 New Pace Rd., Newcomerstown, OH 43832
Marketing description
The Equity Industrial Team is pleased to exclusively offer 126 New Pace Rd., a functional industrial owner-user opportunity positioned in the heart of Eastern Ohio's established manufacturing corridor. The ±55,567 SF property presents a rare opportunity to acquire industrial space at a basis significantly below replacement cost while offering a highly versatile layout with strong loading capabilities, heavy power, warehouse clear heights up to 21', and strategic access to major Midwest population centers including Columbus, Cleveland, Pittsburgh, and Cincinnati. Supported by a deep regional labor pool with a strong concentration of skilled trades and manufacturing employees, the property is well-suited for owner/users seeking an affordable and efficient operational hub for manufacturing, warehousing, fabrication, or regional distribution. In a market with limited new industrial development and tight vacancy, the asset provides long-term operational flexibility within a stable industrial region.
Investment highlights
- ±55,567 SF industrial owner/user opportunity located at 126 New Pace Rd. in Newcomerstown, Ohio.
- Offered at $2,400,000, equating to approximately $43.64/SF, well below replacement cost for functional industrial product.
- Functional layout includes approximately 52,000 SF warehouse and 3,000 SF office space.
- Functional loading with six dock doors and four drive-in doors.
- Features 14'–21' clear heights, heavy 3-phase power, wet sprinklers, and masonry construction.
- Recent roof improvements completed with long-term warranties in place.
- Access to a regional labor pool of 132,000+ employees and 10,400+ businesses within 45 minutes.
- Strong manufacturing workforce, with manufacturing representing 21% of Tuscarawas County employment.
- Tight Canton-area industrial vacancy of approximately 3.4% with minimal new supply underway.
- Power- 600-1200 AMP, 120-240V 3-Phase Heavy
- Building Use-94.6% - Warehouse 5.4% - Office
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