16231 Broadway Avenue

Maple Heights, OH, 44137

$1,900,000

$47 per ft²
$1,900,000
$47 per ft²
Active
Active
 - For Sale
carpenters-square
40,000 ft²
property_type
Commercial
calendar
Built 1986
40,000 sq ft building on 2.7 acres on the corner of Broadway and Lee Rd in the center of Maple Heights! 600 ft of frontage on Broadway! This 3 level, former nursing facility has 52/54 bedrooms, 2 elevators, offices, exercise rooms, activity rooms, dining rooms and a finished walkout basement with a full service commercial kitchen, storage, offices, laundry and mechanicals. Newer roof with a 9 year warranty remaining. Paved parking lot, 84 spaces, 3 driveways. Close to Cleveland and Akron. Located in the center of town near city hall, high school, shopping, dining, multiple freeways and other businesses. High traffic and excellent visibility. Room to expand the building! Located in a targeted redevelopment area. Sold as-is. Owner will not make repairs + repairs are needed. GOOD BONES! Steel beam construction! Well built! Not super old/built in the 80's! GOOD ROOF! Needs lots of TLC. Great bargain! APPRAISED AT $1.9 MILLION AS-IS & $4.6 MILLION AFTER REHAB AS A 54 BED ASSISTED LIVING!!!! Could be assisted living, retail, senior housing, professional offices, medical offices and more! So many ways to repurpose this steal of a deal!! ***FINANCING AVAILABLE!!!!!***
MLS® ID:
4190610
Listed:
5/20/20
Updated:
10/3/22
Keller Williams Realty, Inc.
Ryan Young

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Interior Features
Elevator
Cooling
Heat Pump, Other, Wall Unit(s)
Heating
Electric, Forced Air, Gas, Heat Pump, Hot Water, Other, Radiator(s), Steam

Exterior/Building Features

Lot Size
2.71 acres lot
Roof
Flat
Sewer
Public Sewer

Other Property Details

Area Name
Maple Heights
Taxes
$160438
Tax Frequency
per YEAR
Garage
No
Parking
On Site, Outside, Private
Parking Total
84.0
View
N
County
Cuyahoga
Water Source
Public
Pool
No
Total Stories
2

 

Courtesy of RE/MAX Pathway

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Keller Williams Realty, Inc.
Ryan Young
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