For Sale
$1,400,000

16231 Broadway Ave Maple Heights, OH 44137

50-unit vacant building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional value-add investment opportunity presents a vacant, 40,406 square-foot building situated on a 2.71-acre lot in Maple Heights, Ohio. Formerly the Maple Heights Broadway Care Center, this 1986-built, two-story structure boasts 50 units with a total of 100 beds. The property features a robust steel-beam construction, two elevators, ample parking (84 spaces), and multiple access points. Internal amenities include offices, exercise and activity rooms, dining areas, a full-service commercial kitchen, laundry facilities, and substantial storage. Zoned CBD, this versatile property offers significant potential for repurposing into various uses, including senior housing, educational facilities, or multifamily apartments. Its strategic location between I-271 and I-77 along I-480 ensures excellent visibility and accessibility. The asking price is $1,400,000 ($28,000 per unit, $34.65 per square foot). The seller is open to exploring owner financing and lease-to-purchase options. This is a unique chance to acquire a well-built structure with substantial potential for a creative and profitable redevelopment project. The property's address is 16231 Broadway Ave, Maple Heights, OH 44137, and the APN is 781-12-012.

Highlights

  • Vacant 40,406 SF building on 2.71 acres in Maple Heights, OH.
  • Well-built, two-story structure with 50 units (100 beds).
  • Excellent access and visibility near I-271, I-77, and I-480.
  • $1,400,000 asking price ($28,000/unit, $34.65/SF); owner financing and lease-to-purchase options considered.
  • Zoned CBD, suitable for repurposing (senior housing, education, multifamily).

Property Details for 16231 Broadway Ave

Property type
Schools, Assisted living facilities
Square Feet
40,406 SF
Year Built
1986
Buildings
1
Stories
2
Lot Size (sq. ft)
118,178 SF
Units
50

Location Insight

City
Maple Heights
County
Cuyahoga
State
Ohio
Latitude
41.4138438
Longitude
-81.5664123

FAQs

What type of property is this?
School - 50-unit vacant building, prime location.
Where is the school located?
The property is located at 16231 Broadway Ave Maple Heights, OH.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Vacant 40,406 SF building on 2.71 acres in Maple Heights, OH.; Well-built, two-story structure with 50 units (100 beds).; Excellent access and visibility near I-271, I-77, and I-480.
How can I contact the broker?
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16231 Broadway Ave
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