27601 Westchester Pkwy Westlake, OH 44145-1251

This exceptional redevelopment opportunity presents a 95,192 square foot, two-building senior living facility situated on a 4.24-acre lot in Westlake, Ohio. The property, formerly operating as a rehabilitation and nursing center until November 2023, boasts 132 rooms (previously licensed for 140). Built in 1979 with renovations in 1984, the property includes four elevators, a fully equipped kitchen and laundry, and numerous amenities such as a beauty salon, dining rooms, therapy center, lounges, library, greenhouse, and courtyard. A dedicated memory care unit was renovated in 2016. The property features a full sprinkler system, boiler heat with forced air central air conditioning, and two backup generators. Conveniently located at 27601 Westchester Parkway, it offers easy access to I-90 and Route 2, and is just 20 minutes from Cleveland Hopkins International Airport. The property is zoned R-MF24 and is offered at $4,000,000 ($42.02/sq ft). Conceptual drawings for assisted living conversion are available upon request. This distressed sale presents a unique chance to acquire a substantial property with significant potential for conversion into a thriving assisted living community. The property's existing infrastructure and amenities provide a solid foundation for a successful redevelopment project. Parcel numbers are 21204048 and 21204002.