$1,500,000 - 8 Bedroom, 22500 sq ft - Retirement / Development CLE / OWC (Los Angeles)

About This Housing

Former Retirement Community for Sale – Prime Riverside Location

Overview

This is a rare investment chance for a former retirement community with 50 units, situated along the riverbank between Cleveland and Columbus, Ohio. The property covers 22,500 square feet and holds strong potential for conversion into apartments, a hotel, or live/work artist spaces. An owner-financing option with highly favorable terms is available.

Property Features

• 50 units with numerous bathrooms
• Several ADA-compliant rooms
• Ample parking available
• Prime riverbank location
• Total area: 22,500 square feet
• High potential for adaptive reuse

Investment and Financing

• Property is being sold as a conversion or development opportunity.
• Potential uses include apartments, a hotel, or live/work spaces.
• Owner will carry financing option available with terms superior to traditional bank financing.