16231 Broadway Ave Maple Heights, OH 44137
- Warehouses
- 32,900 SF
- 2.71 lot acres
Current Use by Public Records
- Warehouses
Property Details for 16231 Broadway Ave
- Year built
- 1986
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.71 lot acres
- Property size
- 32,900 SF
- Zone code
- GC
- Property type
- Warehouses
- APN
- 781-12-012
- APU
- 78112012
Description
This exceptional value-add investment opportunity presents a vacant, 40,406 square-foot building situated on a 2.71-acre lot in Maple Heights, Ohio. Formerly the Maple Heights Broadway Care Center, this 1986-built, two-story structure boasts 50 units with a total of 100 beds. The property features a robust steel-beam construction, two elevators, ample parking (84 spaces), and multiple access points. Internal amenities include offices, exercise and activity rooms, dining areas, a full-service commercial kitchen, laundry facilities, and substantial storage. Zoned CBD, this versatile property offers significant potential for repurposing into various uses, including senior housing, educational facilities, or multifamily apartments. Its strategic location between I-271 and I-77 along I-480 ensures excellent visibility and accessibility. The asking price is $1,400,000 ($28,000 per unit, $34.65 per square foot). The seller is open to exploring owner financing and lease-to-purchase options. This is a unique chance to acquire a well-built structure with substantial potential for a creative and profitable redevelopment project. The property's address is 16231 Broadway Ave, Maple Heights, OH 44137, and the APN is 781-12-012.
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
- Maple Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5665
- Latitude
- 41.4136
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
