COPLEY — Walmart is trying to sell its undeveloped property on Rothrock Road.
The world's largest retailer had been holding on to the land for years for a potential superstore, but called off those plans last year, saying the retail climate had changed.
Commercial real estate firm CBRE is marketing the 39.2-acre property as "a rare development opportunity located in the heart of the Montrose-Fairlawn retail trade area." CBRE said the land, located at 200 Rothrock, has been up for sale since late last year.
There is no asking price. The Summit County Fiscal Office has appraised the property at $11 million.
Walmart decided to sell the property because it's no longer needed, company spokeswoman Anne Hatfield said in an email.
The property is zoned commercial general retail and has utilities, according to CBRE.
Walmart bought the land in 2013 with plans to relocate its nearby Walmart and Sam's Club stores in Fairlawn to the Rothrock site. But the retailer faced stiff opposition from Fairlawn officials and the potential move created friction between city and township leaders.
In response to the company's plans, Fairlawn closed a portion of Rothrock to through traffic. The decision, which prompted a lawsuit that the city won, made it more difficult for many motorists to reach the site.
Rick Armon can be reached at 330-996-3569 or email@example.com. Follow him on Twitter at @armonrickABJ.