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Senior Housing Facility with Walkout Basement
For Sale
$1,250,000

16231 Broadway Avenue, Maple Heights, OH 44137

CommercialSale, Maple Heights, OH

Property Size40,000 SF
Lot Size2.71 Acres
Price / SF$31.25
Days on Market88

Property Features for 16231 Broadway Avenue

General Information

Property type Commercial Sale
Property subtype Office
Zoning description Commercial
Rooms Basement
Parking features Parking Lot, Driveway
Fencing Privacy
Subdivision Comstock Park Allotment
Elementary school district Maple Heights CSD - 1818
Middle school district Maple Heights CSD - 1818
High school district Maple Heights CSD - 1818
Directions Take I-480 to the Lee Road exit. Exit onto Lee Road. Continue on Lee Road until you reach Broadway Avenue. Turn onto Broadway Avenue. The building will be on your right-hand side.
Standard status Active
APN 781-12-012
Lot size 2.71 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 12 COMSTPK S/L 17 & TRI NEXT S 0018
Tax Annual Amount 34028
Legal Description 12 COMSTPK S/L 17 & TRI NEXT S 0018

Utilities

Sewer type Public Sewer
Heating system Steam, Hot Water(Heating), Forced Air, Other (Heating)
Water source Public

Amenities

offices
exercise and activity rooms
dining areas
finished walkout basement
full-service commercial kitchen
storage
laundry

Building Details

Year built 1986
Roof type Flat
Listing Agency: EXP Realty, LLC.
Listed By: Lloyd Fox · License #2021001475
Added: Jun 4 Changed: Aug 20 Last Checked: Aug 30 at 3:06PM
MLS# 5215782

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This senior housing facility includes a three-level steel-beam building with 100 beds across more than 50 rooms. The layout includes two elevators, offices, exercise and activity rooms, dining areas, a finished walkout basement, commercial kitchen, storage, laundry, and mechanical areas. The building was constructed in 1986 and has a flat roof.

The property is located at 16231 Broadway Avenue in Maple Heights, with access from Lee and Broadway through three driveways. An 84-space paved parking lot supports the facility, while public water and public sewer serve the site. The improvements provide an established configuration for senior housing or related residential use, subject to applicable approvals.

Key Highlights

  • 100‑bed senior housing facility with more than 50 rooms
  • Three‑level steel‑beam building constructed in 1986
  • Finished walkout basement with two elevators

Property Analytics

Current Use

Senior Housing / Retirement ...

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Gym & Fitness Center Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

538
Businesses Nearby
Under-served
Demand for This Use

Demographics for 44137, OH

23,759
Population
10,076
Households
2.4
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
4,569
Density / Sq Mi
$52,990
Median Household Income
$34,690
Median Earnings
$1,322
Median Rent
$89,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Similar Off Market Nearby

  • Maple Heights AAC 14775 Broadway Ave, Maple Heights, OH 44137

Frequently Asked Questions

What type of property is this?
Senior housing / Retirement Home - Three-level facility with elevators, dining areas, offices, and a commercial kitchen.
Where is this senior housing / retirement home located?
The property is located at 16231 Broadway Avenue Maple Heights, OH.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 100‑bed senior housing facility with more than 50 rooms; Three‑level steel‑beam building constructed in 1986; Finished walkout basement with two elevators
More about this property
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