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    549 Aurora Rd Aurora, OH 44202

    Sponsored
    For Sale
    Contact for pricing

    Ohio development land, multi-family potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 295.852-acre land parcel presents a unique investment opportunity in Aurora, Ohio. Located at 549 N Aurora Rd, and identified by APN 03-009-00-00-008-000|3, this property is part of a larger, previously developed area encompassing approximately 950 acres, featuring single-family homes and a limited number of apartment buildings. A significant portion of this 295-acre tract, roughly half, is already zoned for multi-family development, offering immediate potential for apartment construction. The city of Aurora is open to proposals for expanding multi-family development onto additional acreage within this parcel, providing flexibility for large-scale projects. This represents one of the last remaining large undeveloped parcels within this established community, offering a rare chance to capitalize on the existing infrastructure and strong residential base. The property's location in Portage County, Ohio, and its proximity to Aurora (zip code 44202) provides excellent access to transportation routes and amenities. This substantial land holding presents a compelling opportunity for developers seeking to create a significant multi-family residential community or a mixed-use development. The asking price is to be determined.

    Property Features for 549 Aurora Rd

    General Information

    Property type
    Land
    Lot Size
    12,887,313 SF

    HighLights

    • $0 Asking Price
    • 295.852‑acre land parcel
    • Located at 549 N Aurora Rd, Aurora, OH 44202
    • Portage County, Ohio
    • Multi‑family and commercial zoning on approximately 50 acres.
    • Part of a larger 950‑acre development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Portage
    State
    Ohio
    Longitude
    -81.3646085
    Latitude
    41.335561

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    FAQs

    What type of property is this?
    Land - Ohio development land, multi-family potential.
    Where is this land located?
    The property is located at 549 Aurora Rd Aurora, OH.
    What are key features of this property?
    This property features: $0 Asking Price; 295.852-acre land parcel; Located at 549 N Aurora Rd, Aurora, OH 44202
    Request Owner's contact information
    549 Aurora Rd 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
    549 Aurora Rd Aurora, OH 44202
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