Drug and Alcohol Rehabilitation Facility

Special Purpose for Sale
Catylist Listing ID: 30872232
Property Subtypes: Health Care/Medical
Building Size (RSF): 15,990 SF
Gross Building Area: 19,206 SF
Gross Land Area: 2.43 SF
Sale Price: $8,000,000
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 9.0%
Last Updated: 5/22/2024

Overview / Comments


58 bed drug and alcohol rehab facility can be sold as a sale / leaseback or sale of real estate. Landmark Recovery is an experienced operator with a proven track record of success. Offers comprehensive drug and alcohol rehab services.
Prime location in Louisville. Building completely renovated.
Construction: 2 story - Brick
Age: Built in 1950 – Completely renovated in 2021
SF: 15,990 +- sf plus a 3,216 +- sf structure.
Acreage: 2.42 +- acres –
There are 2 apartment buildings located on the property on a long term ground lease
Elevator: Yes
Zoning: C-1, OR-3, R-4 and R-7, Suburban Marketplace Corridor
County: Jefferson
Parcel ID: 0651-0449-0000
Beds: 58
Kitchen: Commercial with hood and Ansul system
FF&E: Negotiable
Sale/Leaseback: 9% cap—Investment Opportunity

Current Tenants

Tenant Business Name Landmark Recovery
Is Renting? Yes
Tenant Notes Can be structured as a Sale/Leaseback
Tenant Business Name Landmark Recovery
Is Renting? Yes
Tenant Notes Can be structured as a Sale/Leaseback

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 065104490000
Zoning: OTHER
Property Located Between: Trio Ave. and Bluelick Road
Largest Nearby Street: Outer Loop
Traffic/Vehicle Count: 21,344
Highway Access: I-65
Airports: Louisville International Airport
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 7,995 SF
Property Condition: Excellent
Year Built: 1950
Year Renovated: 2021
Construction/Siding: Brick
Parking Type: Surface
Passenger Elevators: 1
Sprinklers: Wet
Zoning Description: C-1, R-4, R-7 and OR-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,462 80,210 195,729
Median Age: 38.34 35.59 36.9
Households: 7,108 31,531 78,982
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