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306 S Allen Rd

23,438 SF Health Care Building Offered at £1,174,950 in Wake Forest, NC 27587

Investment Highlights

  • easy access for all resident rooms on the main floor
  • Located in the heart of Wake Forest with easy access to highways and direct access to Raleigh
  • easy parking and access to the front door

Executive Summary

Approved Site Plan - 23,438 SF former Nursing Home with approved site plan for up to 31 beds for 62 & over (100% of the dwelling units must be designated for residents 62 years & older)
2.75 acres located in the heart of downtown Wake Forest with easy access to highways and direct access to Raleigh via US 1/Capital Blvd
Zoning - Residential Mixed-Use Conditional District (RMXCD) - single-story building offering easy access for all resident rooms on the main floor
Property offers easy parking and access to front door as well as several other entrance points around the building and numerous amenities and services nearby
Older Adult Population is Projected to Expand Most in NC Counties by the Office of State Budget and Management
Some photos are historical and the property has not been occupied in a number of years
Sale Price: $1,500,000 with Seller Financing Available

Property Facts

Price £1,174,950
Price Per Bed £37,902
Sale Type Owner User
Property Type Health Care
Property Subtype
Assisted Living
  • Healthcare Congregate SeniorHousing
  • Healthcare Skilled Nursing Facility
Building Class C
Lot Size 2.75 AC
Building Size 23,438 SF
No. Beds 31
Number of Floors 1
Year Built 1958
Parking Ratio 0.94/1,000 SF
Cross Streets Wait Av

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1840.07-68-8987-000
Land Assessment
£75,741
Improvements Assessment
£1,680,453
Total Assessment
£1,756,194

zoning

Zoning Code RMX-CD (100% of the dwelling units must be designated for residents 62 years and older)
RMX-CD (100% of the dwelling units must be designated for residents 62 years and older)
  • Listing ID: 33237879

  • Date on Market: 19/09/2024

  • Last Updated:

  • Address: 306 S Allen Rd, Wake Forest, NC 27587

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