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16231 Broadway Ave 40,406 SF Health Care Building Offered at $1,250,000 in Maple Heights, OH 44137
Investment Highlights
- 2.71-acre site between I-271 and I-77 along I-480.
- Includes commercial kitchen, laundry, storage, and mechanical infrastructure supporting institutional use.
- 100-bed facility with 50 rooms, two elevators, offices, dining, and activity spaces.
- 84-space parking lot and three driveways providing access to Lee and Broadway, enabling flexible redevelopment.
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. Property is potentially eligible for a grant up to $1,000,000 through the Vibrant Community Program/Jobs Ohio. Also potentially eligible for 100% 15-year tax abatement with any redevelopment.
Property Facts
| Price | $1,250,000 | Lot Size | 2.71 AC |
| Price Per Bed | $12,500 | Building Size | 40,406 SF |
| Sale Type | Investment or Owner User | No. Beds | 100 |
| Property Type | Health Care | No. Stories | 2 |
| Property Subtype | Assisted Living | Year Built/Renovated | 1986/1999 |
| Building Class | C | Parking Ratio | 2.08/1,000 SF |
| Zoning | GC - https://codelibrary.amlegal.com/codes/mapleheights/latest/mapleheights_oh/0-0-0-39899 | ||
| Price | $1,250,000 |
| Price Per Bed | $12,500 |
| Sale Type | Investment or Owner User |
| 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 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | GC - https://codelibrary.amlegal.com/codes/mapleheights/latest/mapleheights_oh/0-0-0-39899 |
Room Mix Information
| Description | No. Beds |
|---|---|
| - | 2 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 781-12-012 | Improvements Assessment | $180,635 |
| Land Assessment | $165,410 | Total Assessment | $346,045 |
Property Taxes
Parcel Number
781-12-012
Land Assessment
$165,410
Improvements Assessment
$180,635
Total Assessment
$346,045
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16231 Broadway Ave
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