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    7319 Reno Dr Louisville, OH 44641

    For Sale
    $1,509,200

    37+ acres, I-1, B-4, R-1 zoning. High traffic count.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 37.73-acre parcel presents a significant development opportunity in Louisville, Ohio. Strategically located at the intersection of Route 62 and near Route 44 (Ravenna Ave), this property boasts 1,660 feet of frontage on Route 62, offering unparalleled visibility and accessibility. The flat topography simplifies development, while the diverse zoning (I1, B4, R1) allows for a wide range of uses, including industrial, retail, or residential projects. With a total land area of 1,177,280 square feet, this site is ideally suited for large-scale ventures. The property's proximity to a major Amazon fulfillment center (approximately 3.5 miles away) further enhances its appeal. The high traffic count of 39,007 vehicles on Route 62 ensures significant exposure for any development. The asking price is $1,509,200, representing a land value of $40,000 per acre. The property's APN numbers are 3605212, 3605960, 3605621, 3605620, and 3605622. This is a rare opportunity to acquire a substantial tract of land in a prime location with excellent development potential.

    Property Features for 7319 Reno Dr

    General Information

    Property type
    Land
    Lot Size
    1,643,519 SF

    HighLights

    • 1,660 feet of frontage on Route 62
    • Variable depth
    • Level topography
    • I‑1, B‑4, and R‑1 zoning
    • 39,007 vehicles per day on Route 62
    • 1,177,280 square feet of land
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Stark
    State
    Ohio
    Longitude
    -81.2645091
    Latitude
    40.8543508

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    FAQs

    What type of property is this?
    Land - 37+ acres, I-1, B-4, R-1 zoning. High traffic count.
    Where is this land located?
    The property is located at 7319 Reno Dr Louisville, OH.
    What is the asking price?
    The asking price for this property is $1,509,200.
    What are key features of this property?
    This property features: 1,660 feet of frontage on Route 62; Variable depth; Level topography
    Request Owner's contact information
    7319 Reno Dr Louisville, OH 44641
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    Louisville, OH 44641
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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
    7319 Reno Dr Louisville, OH 44641
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