Callahan Hall: 208-Unit Senior Living Conversion Opportunity

Situated at 3510 Alexandria Pike in Highland Heights, Kentucky, Callahan Hall is primed to capture robust local senior care demand within the NKU corridor. The surrounding demographic includes 34,605 residents aged 55+ within a five-mile radius. The property boasts excellent proximity to critical healthcare infrastructure, located just 0.4 miles from a new VA Medical Clinic and under 10 minutes from St. Elizabeth Fort Thomas. Additionally, with arterial frontage and R-2 Residential zoning—permitting nursing home use via conditional use approval or multi-family redevelopment by right—the location offers operators a strategically positioned asset with versatile execution paths.Offer Submission Deadline: December 14, 2026 3CRE Advisors exclusively presents Callahan Hall—a 208-unit, three-story residential care facility (plus basement level) spanning 8.60 acres, offered individually or alongside adjacent Northern Terrace. Originally built as a nursing home, the asset presents a turnkey opportunity for a seamless return to senior living with no university-imposed use restrictions or covenants. The property features four flexible unit sizes ranging from 214 to 780 SF—each equipped with its own private bath—and an layout of eight wings radiating from a central hub that enables operators to deliver a full continuum of care, from independent and assisted living to memory care and higher-acuity nursing under one roof. With upgraded central plant infrastructure (2025), full sprinkler coverage, wide hallways, a commercial kitchen, dining facilities, fitness center, and outdoor courtyards already in place, investors can execute an efficient, cosmetic-driven business plan with minimal structural CapEx risk.