27601 Westchester Pkwy, Westlake, OH, 44145

27601 Westchester Pkwy Westlake, OH 44145

Westlake
FOR SALE
Property Type:
Other Hospitality
Amount:
$4,000,000
Last Verified:
Mar 21, 2024

Highlights

  • Two-story former nursing home and rehabilitation center (operational until Nov. 2023)
  • 132 rooms; previously operated with 140 licenses
  • Fully sprinklered
  • Boiler heat (4) w/forced air - central air conditioning; 2 backup generators
  • Full kitchen with equipment in place; fully equipped laundry Beauty salon, dining rooms, therapy center, lounges, library, greenhouse, courtyard
  • Memory Care unit renovated in 2016 20 minutes (9 miles) from Cleveland Hopkins International Airport
  • Most recent use as Nursing Home/Senior Rehabilitation (use remains an allowable use per the City of Westlake)
  • Zoning also allows multi-family redevelopment (townhomes and low-rise multi)

Description

The subject property, located at 27601 Westchester Parkway in Westlake, Ohio, is a former rehabilitation and nursing center. Directly off of Cahoon Road and less than 5 minutes from I-90 & Rt 2.

The subject property, located at 27601 Westchester Parkway in Westlake, Ohio, is a former rehabilitation and nursing center. Directly off of Cahoon Road and less than 5 minutes from I-90 & Rt 2. 


Year Built: 1979
Building Size: 95192sq ft
Lot Size: 4.24 acres


Documents

27601 Westchester Pkwy, Westlake, OH | SALE

Map of 27601 Westchester Pkwy, Westlake, OH, 44145

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.