Former School Building - Personal Care Home Conversion Opportunity in Conneautville, PA

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Financial Details

Asking Price:
$3,400,000
Profit Metric:
NOI
Location:
Conneautville, PA, US
Source:
Date:
September 16, 2025

Key Highlights

Unique investment opportunity to acquire a former 102,059 SF school building on 27.39 acres.
Versatile property with potential for conversion into apartments, shared living spaces, or other uses, featuring ADA compliance and modern amenities.
Prime location in Conneautville, PA, with low taxes and no zoning, offering significant development flexibility.

Description

This listing presents a unique investment opportunity in Conneautville, PA, featuring the former Conneaut Middle School. The expansive property spans 27.39 acres and includes a 102,059 SF, three-level building. It offers immense potential for conversion into apartments, shared living spaces, or other specialized uses, leveraging its large rooms and open areas. The building is ADA compliant on every floor, has a boiler hot water heating system, individual room temperature control, Uni Vent Heat system, security system, fire alarm, motion sensors, backup generator, and Wi-Fi throughout. It also boasts an industrial kitchen, two gymnasiums, and a football stadium with field house and locker rooms. Asbestos was removed in 2004. The property is characterized by low taxes and no zoning, providing significant flexibility for development. The asking price is $3,400,000, with seller financing available. While the Gross Revenue and Net Operating Income are not disclosed, this property represents a significant opportunity for redevelopment or repurposing.

Industry Information

Industry Description:
Real Estate Investment / Personal Care Home
Classification:
Health Care & Fitness

Real Estate & Lease

Status:
Owned
Real Estate Price:
$3,400,000 USD

Assets & Inventory

Includes FF&E:
Yes

Broker Contact

Name:
Helen Berger
Company:
PGHBIZ BROKERAGE
Phone:
412-226-3901

Listing Details

Listing ID:
f36efe87-0d8c-4979-b7ce-61d7aa7ff223
Source Listing ID:
2325918
Deal Status:
For Sale
Last Updated:
September 16, 2025
Currency:
USD