65 Chestnut StJefferson, OH 44047

Property Details for 65 Chestnut St

Year built

1989

Construction

FRAME

Lot size

0.93 AC

Property size (Sq ft)

3,468 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

26-034-00-016-00

APU

260340001600

Description

This exceptional 3,602 square foot former Hardee's/Carl's Jr. quick-service restaurant presents a unique investment opportunity in Jefferson, Ohio. Situated on a 0.93-acre lot, this freestanding building boasts over 147 feet of frontage on heavily trafficked S Chestnut Street, enjoying 7,172 vehicles per day (ODOT TIMS data). Ample parking accommodates over 27 vehicles. The property features an elevated pylon sign for excellent visibility. The location benefits from a strong demographic profile, with average household incomes exceeding $95,946 within a 5-mile radius. Jefferson offers a charming small-town atmosphere, combining rural tranquility with convenient access to nearby amenities. The area is supported by a variety of national retailers including AutoZone, Discount Drug Mart, Huntington Bank, Mr. Hero, Domino's, Dollar Tree, NAPA Auto Parts, Family Dollar, and McDonald's. This property is available for sale or lease and is ideally suited for a variety of quick-service restaurant concepts. The property's size, location, and existing infrastructure make it an attractive option for a discerning buyer or tenant seeking a strong foothold in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $917,123

  6.5%

  $846,575

  7%

  $786,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $817,480

  Geo Method

  $817,480

• Alternative Use

  Use

  Valuation

  Residential

  $714,117

  Hospitality

  $654,128

  Educational

  $544,227

  Medical

  $562,943

  Retail

  $846,575

Location Insight

City

Jefferson

County

Ashtabula

State

Ohio

Latitude

41.7369

Longitude

-80.7701

CBSA code

11780

CBSA name

ASHTABULA, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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