709 LincolnwayMinerva, OH 44657

Property Details for 709 Lincolnway

Year built

1990

Construction

FRAME

Lot size

1.36 AC

Property size (Sq ft)

3,601 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

42-01539

APU

4201539

Description

This exceptional 3,583-square-foot quick-service restaurant (QSR) property, formerly a Hardee's/Carl's Jr., is available for sale or lease. Situated on a 1.15-acre lot in Minerva, Ohio, this freestanding building boasts over 225 feet of frontage on East Lincolnway, providing excellent visibility and accessibility. The property features ample parking with over 35 spaces to accommodate customers. High traffic counts of 9,757 vehicles per day (VPD), as reported by ODOT TIMS, underscore the location's strong potential. The surrounding area boasts an average household income of $84,615 within a 15-minute drive, indicating a robust consumer base. Minerva, a village in Stark County, offers a charming community atmosphere with parks, local shops, and annual events. The property's proximity to other established businesses, including McDonald's, Sandy Springs Brewing Company, Pizza Hut, Domino's, Dairy Queen, Consumers National Bank, and Dunkin', further enhances its desirability. This turnkey opportunity presents a unique chance to establish or expand a thriving food service business in a vibrant community. The property's size, location, and existing infrastructure make it an ideal investment for a variety of QSR concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $1,006,697

  6.5%

  $929,259

  7%

  $862,883

• Comparable approach

  Method

  Valuation

  Relative Method

  $848,831

  Geo Method

  $848,831

• Alternative Use

  Use

  Valuation

  Residential

  $783,864

  Hospitality

  $718,016

  Educational

  $597,381

  Medical

  $617,925

  Retail

  $929,259

Location Insight

City

Minerva

County

Stark

State

Ohio

Latitude

40.7337

Longitude

-81.0945

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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