Peach Street Northeast
±30 AC Available for Residential and Commercial Development
Marketing 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.
Investment 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
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