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    OFF-MARKET
    Parking lots & garages

    620 Portage Trl W Ext, Cuyahoga Falls, OH 44223

    1,952 SF 0.63 ac lot Built 1963
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US66-2432295
    Property summary
    AI-generated overview

    This exceptional 4.75-acre commercial land parcel presents a unique investment opportunity in Cuyahoga Falls, Ohio. Situated at 620 Portage Trail Extension W, zip code 44223, this property enjoys a highly visible location at the southeastern corner of Portage Trail Extension West and Northampton Road, serving as an eastern gateway to the Merriman Valley community. The site benefits from significant pre-existing infrastructure improvements, making it immediately ready for redevelopment. Zoned MU-1 (Mixed Use-1), this flexible zoning allows for a wide range of commercial uses, including neighborhood offices, convenience stores, grocery stores, restaurants, and personal service businesses. This strategic location is a key component of the Merriman Valley-Schumacher Area Master Plan, poised to benefit from substantial community investment totaling hundreds of millions of dollars in planned redevelopment projects between Akron and Cuyahoga Falls. The currently underdeveloped nature of this newly master-planned district offers an unparalleled chance to establish a prominent presence in a rapidly transforming area, capitalizing on significant untapped market potential. This is an exceptional opportunity for developers, owner-users, or tenants seeking a strategic location with flexible zoning and immediate development readiness. The property's high visibility and access to major roadways ensure strong exposure to a large commuting population.

    Property profile
    Verified
    Property type Parking lots & garages
    Use group PARKING GARAGE, PARKING STRUCTURE
    Year built 1963
    Total area 1,952 SF
    Lot 0.63 ac (27,269 SF)
    APN 35-00708
    UPID US66-2432295
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    City Of Cuyahoga Falls · 3 yrs held
    City Of Cuyahoga Falls
    since 2023
    Last sale
    $1,450
    1 recorded transaction
    2023
    $1,450
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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