2695 Gilchrist RdAkron, OH 44305

Property Details for 2695 Gilchrist Rd

Year built

1990

Construction

FRAME

Lot size

2.52 AC

Property size (Sq ft)

3,642 SF

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,018,159

  6.5%

  $939,839

  7%

  $872,708

• Comparable approach

  Method

  Valuation

  Relative Method

  $858,495

  Geo Method

  $858,495

• Alternative Use

  Use

  Valuation

  Residential

  $792,789

  Hospitality

  $726,191

  Educational

  $604,182

  Medical

  $624,961

  Retail

  $939,839

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0644

Longitude

-81.429

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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