Property summary
This 12,541 square foot multifamily property, located at 2299 Seminole Avenue in Springfield, Ohio, presents a unique redevelopment opportunity. Built in 1965 and renovated in 2010, this former nursing home, most recently used as an MR-DD residential facility, sits on a 16.85-acre lot (APN: 3000600003314018) and is zoned for commercial use. The property currently features 34 units and boasts 34 ICF/IziD bed licenses for the Community-Based Waiver Program, which the seller is willing to include in the sale. Situated in Clark County, Ohio, this location offers convenient access to I-70 and is approximately 45 miles west of Columbus and 25 miles northeast of Dayton. The surrounding area provides an abundance of food and retail establishments. The motivated seller is open to various redevelopment options, including conversion to multifamily housing with potential for additional units. This property offers significant potential for investors seeking a high-return opportunity in a growing community near Wittenberg University. The asking price is $900,000, translating to $71.76 per square foot.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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