Chapel Hill - Akron, OH Retail Commercial Real Estate
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Downtown Wallhaven Middlebury Ellet Kenmore West Akron Merriman Valley Firestone Park University of Ohio Akron 44333
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Address
Price
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600 Chapel Hill Mall
Chapel Hill, Akron, OH
• LONG-TERM OPERATING HISTORY - Firestone has operated at this location for almost thirty (30) years thus creating an identity within the community. The tenant currently operates on a NN lease that features 6.00% increases in each of their remaining four (4), five (5) year options.. • DENSELY POPULATED AREA - Firestone is located within Akron, the most populated city in Summit County and fifth (5th) most populated city in Ohio. The immediate five (5) mile area surrounding the property is densely populated, boasting a population of over 206,000 and over 90,000 households.. • MAJOR ADJACENT REDEVELOPMENT - Firestone sits as a pad to the former Chapel Hill Mall, currently undergoing a major redevelopment in which the 800,000 square feet complex is being transformed into a light industrial business park to be renamed Chapel Hill Business Park. The property is expected to be fully occupied in 2023 with up to ten (10) manufacturing businesses.. • CREDIT RATED TENANT - Firestone Tire and Rubber Co. is a subsidiary of Bridgestone Corporation, a Fortune 500 company with an investment grade credit rating (S&P: A). Firestone was originally founded in Akron, Ohio and currently has over 1,700 locations within the United States.. • PRIME LOCATION - Firestone is located less than one (1) mile off Exit 4 of Ohio State Route 8, a major highway in the area that boasts 115,720 VPD. The property is also just three (3) miles away from The University of Akron, the main university in the area that is home to over 14,900 students.. • CONCENTRATED COMMERCIAL AREA - Within three (3) miles of the property there are over 20.1 million square feet of commercial space consisting of 9.9 million square feet of industrial space, 7.8 million square feet of retail space, and 2.4 million square feet of office space, further exemplifying this corridor as a central location for all commercial property types.. • TOP PERFORMING NEARBY RETAILERS - The Home Depot and Raising Cane’s located along Howe Avenue rank in the top 87th percentile and top 93rd percentile respectively within their chain in Ohio (Placer.ai).
Lease:
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Retail Space in the Chapel Hill Retail Corridor
1896 Buchholzer Blvd
Chapel Hill, Akron, OH
• In the Chapel Hill retail corridor
• 2,000 SF - 6,000 SF Available (divisible)
• Pylon signage available
• Great visibility
• Over 138k employees within a 5-mile radius
• Population over 214k within a 5-mile radius
• Co-tenants: Men’s Wearhouse, H&R Block, Check ‘n Go and Snider Temps
• 13,681 VPD (Buchholzer Blvd.)
Lease:
$5,500/month
$5,500/month
2,200 SF -
6,000 SF
6,000 SF
Redevelopment Opportunity - Former Sears at Chapel Hill Mall
2000 Brittain Rd
Chapel Hill, Akron, OH
Colliers’ Retail Capital Markets Team is pleased to present the opportunity to acquire the former Sears building and detached auto center, which is situated on over 21 acres in Akron, Ohio. The Subject Property anchors the Chapel Hill Mall and is located at the signalized intersection of Brittain Road and Independence Avenue in Akron, Ohio.
This vacant former Sears location is 151,958 SF and includes a 41,150 SF auto center. This asset is situated within the Chapel Hill Mall corridor, and surrounding retailers in the immediate vicinity include JCPenney, Regal Cinemas, Sam’s Club, Target, Dick’s Sporting Goods, Best Buy, Value City Furniture, and more. The subject property is located in an Opportunity Zone, providing significant tax incentives for investment.
This offering is an excellent opportunity to create significant value by acquiring a vacant former Sears building in a retail location for well below replacement cost with upside potential.
Attractive redevelopment opportunity that could remain as retail or be converted to a variety of other uses including auto, multifamily, etc.
Akron is a thriving economy with over 21,000 businesses and more than 150 Fortune 500 company operations
Over 200,000 people within a 5 miles radius
Mixed Use Zoning and located within an Opportunity Zone
Surrounded by notable retailers such as Sam’s Club, JCPenney, Target, Home Depot, Best Buy, TJ Maxx, Dick’s Sporting Goods, JCPenney, Burlington
Only 3.5 miles from Downtown Akron and the University of Akron and only 27 miles from Downtown Cleveland
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Chapel Hill Square
1912 Buchholzer Blvd
Chapel Hill, Akron, OH
Across from Chapel Hill Mall.
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1,200 SF -
14,370 SF
14,370 SF
Chapel Hill Square
1912 Buchholzer Blvd
Chapel Hill, Akron, OH
Across from Chapel Hill Mall.
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1,200 SF -
14,370 SF
14,370 SF
1810 Buchholzer Boulevard
1810 Buchholzer Blvd
Chapel Hill, Akron, OH
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1231 East Tallmadge Avenue
1231 E Tallmadge Ave
Chapel Hill, Akron, OH
Lot Size:0.72Acres
Sale:
$599,000
$599,000
0.72Acres
1955 Brittain Road
1955 Brittain Rd
Chapel Hill, Akron, OH
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1800 Buchholzer Boulevard
1800 Buchholzer Blvd
Chapel Hill, Akron, OH
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2000 Brittain Road
2000 Brittain Rd
Chapel Hill, Akron, OH
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1886 Buchholzer Boulevard
1886 Buchholzer Blvd
Chapel Hill, Akron, OH
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1572 Home Avenue
1572 Home Ave
Chapel Hill, Akron, OH
Lot Size:0.37Acres
Sale:
$79,000
$79,000
0.37Acres
700 East Cuyahoga Falls Avenue
700 E Cuyahoga Falls Ave
Chapel Hill, Akron, OH
Lot Size:0.65Acres
Sale:
$349,900
$349,900
0.65Acres
1040 East Tallmadge Avenue
1040 E Tallmadge Ave
Chapel Hill, Akron, OH
More info
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Market Stats
Chapel Hill has 56 commercial real estate spaces for lease, representing 498,688 sqft space.
12 buildings are available for sale.
In the past 30 days, Chapel Hill has had 2 spaces leased.
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