16202 National Pike - Senior Living Facility
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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.
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 |
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Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
Taxes | |
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Annual | - |
Annual Per SF | - |
Operating Expenses | |
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Annual | - |
Annual Per SF | - |
Total Expenses | |
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Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £703,423 | Building Size | 2,178 SF |
Price Per Bed | £78,158 | No. Beds | 9 |
Sale Type | Owner User | Number of Floors | 1 |
Property Type | Health Care | Year Built | 1970 |
Property Subtype |
Price | £703,423 |
Price Per Bed | £78,158 |
Sale Type | Owner User |
Property Type | Health Care |
Property Subtype | |
Building Size | 2,178 SF |
No. Beds | 9 |
Number of Floors | 1 |
Year Built | 1970 |
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16202 National Pike - Senior Living Facility
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