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    Specialty properties

    2299 Seminole Ave, Springfield, OH 45506

    12,541 SF 16.85 ac lot Built 1965
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Specialty properties
    Year built 1965
    Total area 12,541 SF
    Lot 16.85 ac (733,986 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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