Property details

Pennsylvania Senior Housing Conversion, Northeast Region

Property Description

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
Conceptual Plans
Life Safety Plans
List of Upgrades from Approx. $M renovation in 2014 / 2015

Senior Housing Properties For Sale


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Property Information

Building Size:
117,360 sq.ft.
Property Type:
Senior Housing
Industry Type:
Senior Housing
Purchase Tenure:
Fee Simple

Existing financing information


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.