43 & Sr 82 Aurora, OH 44202
- Land
- 19.60 lot acres
Current Use by Public Records
- Land
Property Details for 43 & Sr 82
- Lot size
- 19.60 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Portage
- State
- Ohio
- Longitude
- -81.35
- Latitude
- 41.3174
