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16202 National Pike - Senior Living Facility

2,178 SF Health Care Building Offered at £703,423 in Hagerstown, MD 21740

Executive Summary

This offering presents a rare opportunity to acquire a fully upgraded, turn-key assisted living facility designed with modern, energy-efficient systems and resident-centric amenities. Situated on a tranquil 3.35-acre lot, this property provides a comfortable environment tailored for high-quality senior care and is ideally located near essential services and major highways. The facility is currently approved to accommodate up to 9 residents via special exception. Significant capital improvements, totaling approximately $700,000, have prepared this facility for immediate occupancy and ongoing operational success. These upgrades include all-new electric systems with a 400-amp service, updated plumbing, a new HVAC and ductwork system with central A/C, heating, and steam humidity control, and a septic system approved valued at $70,000.
The facility features circadian lighting throughout (excluding the kitchen and bathrooms) to promote natural light alignment for resident wellness. Custom trim work enhances the interiors, while radiant heating in the bathrooms and insulated flooring provide year-round comfort. All bedrooms include closets, and blank plates have been pre-installed in the bedrooms for future heated floor upgrades if desired. The ADA-compliant layout, featuring widened halls, doors, and accessible bathrooms, ensures ease of mobility for residents. Additionally, the exterior trim is fully wrapped and painted for low-maintenance durability and curb appeal.
The property offers significant expansion potential, with space on the side of the building approved for future development. A basement with framed spaces for three offices offers flexibility for administrative use or potential service expansions. With robust infrastructure and premium upgrades, only finalizing the kitchen remains to make this facility ready for immediate operation, presenting a compelling investment opportunity for those looking to enter or expand within the senior living market or similar uses. This is a valuable, low-maintenance property designed for operational efficiency, regulatory compliance, and long-term growth potential.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £703,423
Price Per Bed £78,158
Sale Type Owner User
Property Type Health Care
Property Subtype
Assisted Living
  • Healthcare Congregate SeniorHousing
  • Rehabilitation Centre
  • Healthcare Skilled Nursing Facility
Building Size 2,178 SF
No. Beds 9
Number of Floors 1
Year Built 1970
  • Listing ID: 33805828

  • Date on Market: 08/11/2024

  • Last Updated:

  • Address: 16202 National Pike, Hagerstown, MD 21740

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