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±30 AC Available for Residential & Commercial Development Peach Street Northeast, Louisville, OH 44641
Availability:
for sale
Property Type:
Vacant Land
Land Size:
29.06 Ac
Price:
$1,975,000
Price per Acre/SF:
$67,963 /
$1.56
Zoning:
General Business
Vinnie Ciulla
vinnie@gerspachergroup.com
(330) 722-5002
Troy Gerspacher, CCIM, SIOR
troy@gerspachergroup.com
(330) 722-5002
Property Description
This ±30 acre development opportunity presents strong potential for both residential and commercial uses. The site includes ±21.08 acres within the City of Louisville zoned B-5 General Business and ±7.98 acres in Nimishillen Township zoned R-1 Single Family Residential, with the opportunity for annexation into the City of Louisville. The B-5 district permits a broad range of commercial uses and supports residential development options, allowing for flexibility of a mixed-use concept or a planned residential community. With a surrounding population exceeding 100,000 residents, 21.7% of whom are age 65 or older, the site is particularly well-positioned for senior or assisted living development. Utilities are available at the site, near high traffic corridors, and adjacent to new development. This is an exceptional development opportunity within one of Stark County’s most desirable communities.
Area Description
Located between Canton and Louisville, the property is minutes away from OH-62, OH-43, OH-44, and I-77. The site is adjacent to newly established residential communities by Redwood Living (Redwood Louisville) and K. Hovnanian Homes (Orchard Park) reinforcing the area’s continued residential expansion. It is also located near the new Amazon Fulfillment Center.
Highlights
- Available: ±29.06 AC
- 4+ Units/AC Potential subject to government approval
- Parcel #1: ±21.08 AC in City of Louisville, Zoned B-5 General Business
- Parcel #2: 7.98 AC in Nimishillen Township, Zoned R-1 Single Family Residential
- Price per Acre: $67,962.83
- Frontage: ±2,315’ | Depth: ±965’
- Utilities: All utilities available at the site
- Potential for annexation of Nimishillen Township parcel into the City of Louisville
- Near new developments, including Amazon Fulfillment Center, Redwood Louisville, and Orchard Park
- Zoning: See the following pages for more information
Full Address: Peach Street Northeast, Louisville, OH 44641
Listing Type: FOR SALE
Status: Active
Zoning: General Business
Region: M-EN
Property ID: 4103799
Parcel Num: 3604549
Number Units: 1
Features