Property details
Upside Senior Housing Facility, Great Lakes - Big Rivers Region
Property Description
Upside Senior Housing Property For Sale
Former Skilled Nursing Facility (previously priced at $4,500,000 reduced to $3,675,000). The owner now desperately wants to unload this property from his portfolio so he can move on. He wants to know if you/Richard have interest at his new price of $2,675,000. The seller does have plans and construction costs converting it to a 90 unit Senior Living Facility.
Ideal for conversion to Senior Housing. 300 bed, prior Skilled Nursing Facility (SNF).
Located in a Certificate of Need (CON) state.
There are 648 CONs in the county.
According to the State Health Department they anticipate that number to continue to grow.
This vacant facility needs approx. $1.5 mill. in renovations and landscaping as well as new FF&E.-‹
105,000 s.f. facility sitting on 6.5 acres.
Images
Highlights
- Status:
- Available
- Price:
- $2,500,000
- PSF:
- $24
Property Information
- Building Size:
- 105,000 sq.ft.
- Property Type:
- Senior Housing
- Industry Type:
- Senior Housing
- Units/Spaces:
- 300
- Land Area:
- 6.50 acres
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.