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16231 Broadway Ave

40,406 SF Health Care Building Offered at $1,400,000 in Maple Heights, OH 44137

Executive Summary

Strategically situated between I-271 and I-77 along I-480, the property, formerly known as the Maple Heights Broadway Care Center, offers a substantial 2.71-acre site with a 40,000-square-foot, three-level steel-beam construction building. The facility comprises of 100 beds distributed across 50 rooms and is equipped with amenities such as two elevators, offices, exercise and activity rooms, dining areas. Furthermore, it features a full-service commercial kitchen, storage, laundry, and mechanical amenities. With an 84-space paved parking lot and three driveways providing multiple access points to Lee and Broadway, the property presents a versatile investment opportunity suitable for various uses, including senior housing and multifamily apartment building. The seller is open to entertaining owner financing and lease-to-purchase options. Those interested are invited to schedule a tour to explore this unique and enduring value-added prospect.

Data Room Click Here to Access

Property Facts

Price $1,400,000
Price Per Bed $14,000
Sale Type Investment or Owner User
Sale Conditions
High Vacancy Property
  • Redevelopment Project
Property Type Health Care
Property Subtype Assisted Living
Building Class C
Lot Size 2.71 AC
Building Size 40,406 SF
No. Beds 100
No. Stories 2
Year Built/Renovated 1986/1999
Tenancy Single
Parking Ratio 2.08/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
781-12-012
Land Assessment
$157,150
Improvements Assessment
$1,081,150
Total Assessment
$1,238,300

zoning

Zoning Code GC (https://codelibrary.amlegal.com/codes/mapleheights/latest/mapleheights_oh/0-0-0-39899)
GC (https://codelibrary.amlegal.com/codes/mapleheights/latest/mapleheights_oh/0-0-0-39899)
  • Listing ID: 32693701

  • Date on Market: 1/12/2024

  • Last Updated:

  • Address: 16231 Broadway Ave, Maple Heights, OH 44137

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