2695 Gilchrist Rd Akron, OH 44305
- Drive through restaurants
- 3,642 SF
- 2.52 lot acres
Current Use by Public Records
- Hardee's / Fast Food Restaurant / Hamburger Restaurant
Property Details for 2695 Gilchrist Rd
- Year built
- 1990
- Construction
- FRAME
- Lot size
- 2.52 lot acres
- Property size
- 3,642 SF
- Property type
- Drive through restaurants
- APN
- 71-00160
- APU
- 7100160
Description
This vacant 3,591 square foot former Hardee's/Carl's Jr. quick-service restaurant presents a unique opportunity in Akron, Ohio. Situated on a 2.52-acre lot, the property boasts over 434 feet of frontage along Gilchrist Road, providing excellent visibility. Ample parking is available with over 36 spaces. The location offers exceptional accessibility, being conveniently located off I-76 (with a daily traffic volume of 67,000 vehicles) and less than ten minutes from Downtown Akron. Highway-visible pylon signage is an added benefit. The surrounding area demonstrates strong demographics, with average household incomes exceeding $74,528 within a three-mile radius. The property benefits from a robust industrial presence along Gilchrist Road, including significant facilities such as NAPA Auto Parts (440,000+ sq ft), Rubbermaid (400,000+ sq ft), and Newell Brands (875,000+ sq ft), creating a high-traffic environment. This freestanding building is available for lease or sale, making it an ideal investment for a variety of food service concepts. The property's size and location make it suitable for redevelopment or repurposing. The building is currently vacant and ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $335,000
- 6.5%
- $355,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $405,000
- Retail
- $385,000
- Mixed-Use
- $415,000
- Hospitality
- $330,000
- Educational
- $440,000
- Residential Income
- $350,000
- Energy
- $370,000
- Income-Based Land
- $395,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.429
- Latitude
- 41.0644
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA