$1,500,000 - 8 Bedroom, 22500 sq ft - Apartments / Former Retirement (Cleveland)

About This Housing

Prime Riverside Property for Adaptive Reuse – Located Between Cleveland and Columbus

Overview: A rare chance to purchase a flexible 22,500-square-foot property situated along a riverbank between Cleveland and Columbus, Ohio. Once serving as a retirement home, this building contains roughly 65 rooms, a combination of shared and private bathrooms, several units designed for ADA compliance, and generous parking. The space is well-suited for transformation into an apartment building, a hotel, or live/work studios for artists. The owner is prepared to offer financing with especially attractive conditions.

Property Highlights / Possible Applications

• Around 65 rooms, featuring both common and private bathroom setups.
• Includes units meeting ADA accessibility standards.
• Abundant parking on site.
• Excellent riverfront position between Cleveland and Columbus, Ohio.
• Overall building area: 22,500 square feet.
• Strong potential for adaptive reuse as apartments, a hotel, or creative live/work areas.

Financial Details

• Option for owner-financing is available.
• Loan terms are described as very favorable and superior to standard bank offerings.