Property photo 1
7 photos
ActiveMLS# 521807832 days on market

$915,000

532 Portage Trail W

Cuyahoga Falls, OH 44223

3 BD|2 BA|1,732 SQFT|$528.29/sqft

About This Property

RARE OPPORTUNITY IN RAPIDLY GROWING CUYAHOGA FALLS / AKRON CORRIDOR! A chance to acquire a strategically positioned assemblage of a multi-unit home or single family residence, along with additional parcels at the gateway to the growing Merriman Valley, offering exceptional development, investment, & income-producing potential. Benefiting from significant public infrastructure investment, incl recently installed public water & road expansion along Portage Trl, properties are primed for development opportunities. 16+ acres avail for expanded projects w/ addtn'l adjacent land avail. Zoned R-3 w/ RM Overlay property offers flexibility for variety of residential & mixed-use concepts. Comprehensive soil testing completed by GPD w/ favorable results & valuable due diligence. Existing home offers multiple opportunities for immediate use & income generation. The home functions as a spacious single-family residence OR could be utilized as 2-unit multi-family w/ separate entrances, bathrooms, bedroom, kitchen, etc. Ideal for owner-occupant, investors, rental property , or those seeking cash flow while planning future development. Spanning nearly 3 acres, pond is approx. approx 4 ft deep, w/ max of 5 ft. This water feature creates an attractive setting but may also provide strategic advantages for development through stormwater management & run-off detention capabilities. Its prominent location creates exceptional branding, marketing, & long-term appreciation potential. Located adjacent to the transformative Merriman Valley-Schumacher Area, properties benefit from millions of dollars in planned public & private investment throughout the surrounding area. Investors, developers, & owner-occupants can establish a presence before the area's full appreciation cycle unfolds. Maps, zoning info, soil rpts, disclosures avail in supplements. Please do not walk the property without prior approval. Occupied home.

Features & Amenities

Basement

Property Details

Property TypeSingle Family
Year Built1925
Lot Size714,079 sqft
Stories1
Garage2 cars
Price / Sqft$528.29
Days on Market32
MLS Number5218078

Noreen Kaseda

Sales Associate

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Est. Monthly Payment

$5,504

P&I: $4,627 | Tax: $648 | Insurance: $229

$915,000
%
%
Loan Amount$732,000
Down Payment$183,000

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

532 Portage Trail W, Cuyahoga Falls, OH 44223

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