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16231 Broadway Ave

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

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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.

16231 Broadway OM

Offering Memorandum

Property Facts

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

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

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aerial
map

16231 Broadway Ave, Maple Heights, OH - aerial map view - Image1

16231 Broadway Ave, Maple Heights, OH - aerial map view - Image2

16231 Broadway Ave, Maple Heights, OH - aerial map view - Image3

16231 Broadway Ave, Maple Heights, OH - aerial map view - Image4

16231 Broadway Ave, Maple Heights, OH - aerial map view - Image5

PROPERTY TAXES

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

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)