Assisted Living Facility

Special Purpose for Sale
Catylist Listing ID: 30557568
Property Subtypes: Senior Housing
Building Size (RSF): 4,956 SF
Gross Land Area: 31,044 SF
Sale Price: $189,900
In Opportunity Zone? Yes
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/14/2020

Overview / Comments

This building was constructed for use as an assisted living facility and last operated as River Reed Assisted Living Community. The building consists of a large common area where you will find the residents' gathering space, the kitchen and dining areas. There are 11 residents' rooms averaging approx. 135 sqft, each with it's own bathroom. There is a 12th common area bathroom that has a larger shower and a whirlpool tub. The building has an office space, storage room, laundry and 17 closets. It has gas heat and central air. The building has an intercom and monitoring system for each resident.
This building is zoned commercial but is surrounded by residential properties except for the convenient hometown market located across the street.

With a few modifications this building might also lend itself to the emerging market of shared professional workspace with concierge services.

This building with nearly 5000 sqft has unlimited possibilities and at the current list price of just over $38.00 per sqft leaves plenty of room for the new owner to make the modifications necessary to meet their specific needs

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Carroll
Taxing Authority: Carrollton/Carroll Co.
Tax ID/APN: C2-04-08 & 09
Zoning: COMMERCIAL
Property Visibility: Good
Highway Access: This property is located approximately 4.5 miles from I-71 at exit #44.
Airports: This property is located about halfway between Cincinnati/NKY International Airport & Louisville International Airport
Site Description: Property is located 1 mile from Carroll Co. Memorial Hispital
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,956 SF
Property Condition: Average
Year Built: 2000
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: There is a parking lot to the right of the building and street parking is available.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: Commercial
Lot Frontage: 199
Lot Depth: 156
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Of Record
Legal Description: DB 212, Pg. 684

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,177 4,452 9,976
Median Age: 36.75 36.65 38.49
Households: 1,152 1,708 3,790

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