216-525-1471
27100 Chardon Rd, Cleveland, OH for Sale
Hospitals - FOR SALE
1/27
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27100 Chardon Rd
Cleveland, OH 44143


HIGHLIGHTS

  • Meticulously maintained and updated full-service hospital.
  • Substantial capital improvements as recent as 2021 including but not limited to the installation of new boilers, chillers, and water heaters.
  • Full kitchen and cafeteria.
  • Ambulatory surgery capabilities and suites in place for all radiology modalities.

OVERVIEW

Richmond Medical Center is a modernized, impeccably maintained and versatile in-patient healthcare facility available for purchase. The property was recently vacated in August 2022 after more than six decades of service to the residents of Richmond Heights and other established east-side Cleveland suburbs such as Highland Heights, Mayfield, and Willoughby Hills. The facility is located in a stabilized east suburban market in Cuyahoga County, outside of downtown Cleveland, and is located within a qualified Opportunity Zone. University Hospitals Health System has operated the facility, and will retain the outpatient medical office building directly across the street. The facility sits on almost 17 acres of land, which includes ± 9 acres of developable land beyond the hospital itself. The property is well-positioned for an in-patient or specialty healthcare provider – built out with ER, imaging, med-surg rooms, behavioral health patient rooms, ICU, cafeteria, kitchen and pharmacy (new in 2020). The property is zoned for “Public Facilities” and the city of Richmond Heights is eager to support a revitalized use of the property. Purchase price is subject to discussion

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Richmond Medical Center

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

475

LAND DETAILS

LAND ACRES

7.9 AC

LAND SF

344,131 SF

ZONING

Public Facilities

APN/PARCEL ID

661-11-101

ASK ABOUT THIS PROPERTY

Eric SchreibmanCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1471

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Eric SchreibmanCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1471

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.