2299 Seminole Ave Springfield, OH 45506
- Specialty properties
- 12,541 SF
- 16.85 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 2299 Seminole Ave
- Year built
- 1965
- Lot size
- 16.85 lot acres
- Property size
- 12,541 SF
- Property type
- Specialty properties
- Property subtype
- Retirement homes
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Clark
- State
- Ohio
- Longitude
- -83.8359
- Latitude
- 39.8971
