Pennsylvania Senior Housing Conversion
Perfect property for conversion to senior housing.
Ideal Senior Housing Conversion (Assisted Living / Memory Care / Independent Living)
Recently Completed Feasibility Study for Senior Housing
Approx. $4M Renovation in 2014/2015
Currently configured as 125 Double Bed Rooms and 75 Single Bed Rooms = 199 Rooms total
New Zoning regulations permit for assisted living.
Located a few miles from downtown of a major MSA with great visibility from an Interstate Highway
As part of the sale the owner is proposing to split the front and back of parcel out leaving the building to be sold with 6.4 acres. The rear parcel (approx. 2.11 acres) will be developed with self storage and the front parcel may either get developed to Hospitality by existing owner or he would sell to buyer of building to allow for more senior housing. **Note** Owner may sell all as package for $21M. The 6.4 acre site with the improvements can be sold for $15M.
There is quite a bit of additional information from the existing ownership that is quite a ways down the path to convert to senior housing that can be reviewed with signed CA including but not limited to:
Market Feasibility Study
Proposed IHG Project Plans
Life Safety Plans
List of Upgrades from Approx. $M renovation in 2014 / 2015
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