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    43 & Sr 82 Aurora, OH 44202

    Sponsored
    For Sale
    Contact for pricing

    Prime Ohio location, high-growth potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19.6-acre commercial land parcel, situated at the intersection of SR 43 and SR 82 in Aurora, Ohio (zip code 44202), presents a unique investment opportunity. Located in Portage County, this property boasts versatile zoning designations, including C-1, C-2, and R-3. The C-1 zoning permits a wide range of commercial uses, such as alcoholic beverage sales, various retail establishments (clothing, food, furniture, etc.), professional offices (medical and dental), and restaurants. C-2 zoning expands these options to include office supply stores, electronics stores, variety stores, and veterinary hospitals. R-3 zoning allows for single-family residential development on lots of at least 29,000 square feet. The property benefits from its strategic location directly across from Barrington Town Center, a thriving shopping center anchored by Heinen's grocery store and University Hospitals. Furthermore, this land is situated within a Community Reinvestment Area (CRA), offering significant financial incentives. The city of Aurora provides up to a 50% real estate tax abatement for a period of 15 years, making this an attractive proposition for developers and investors. Zoning changes in Aurora are determined through a ballot initiative process. This prime location and the potential for substantial tax savings create an exceptional opportunity for development in a rapidly growing area.

    Property Features for 43 & Sr 82

    General Information

    Property type
    Land
    Lot Size
    853,776 SF

    HighLights

    • 19.6‑acre commercial land parcel in Aurora, OH (44202), at SR 43 and SR 82 intersection.
    • Versatile zoning: C‑1, C‑2, and R‑3.
    • C‑1 zoning allows various retail, restaurants, and professional offices.
    • C‑2 zoning includes additional uses like office supply and electronics stores.
    • R‑3 zoning permits single‑family homes on minimum 29,000 sq ft lots.
    • Located across from Barrington Town Center (Heinen's & University Hospitals).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Aurora
    County
    Portage
    State
    Ohio
    Longitude
    -81.3499897
    Latitude
    41.3174071

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    FAQs

    What type of property is this?
    Land - Prime Ohio location, high-growth potential.
    Where is this land located?
    The property is located at 43 & Sr 82 Aurora, OH.
    What are key features of this property?
    This property features: 19.6-acre commercial land parcel in Aurora, OH (44202), at SR 43 and SR 82 intersection.; Versatile zoning: C-1, C-2, and R-3.; C-1 zoning allows various retail, restaurants, and professional offices.
    (216) 239-5120
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    43 & Sr 82 Aurora, OH 44202
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    Aurora, OH 44202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    43 & Sr 82 Aurora, OH 44202
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