Former Residential Medical Care Facility - Tremendous Investment Upside
40 Unit Facility on 2.7 +/- Acres - Ample Parking & Room for Future Expansion
Zoned Office Service District (OS) - Office, Retail, and Medical Uses Permitted
Significant Investments Planned for Regional Manufacturing & Infrastructure Expansion
Excellent Location Minutes from I-75
Previously operating as a 40 unit assisted living and memory care facility, this auction offering presents a tremendous opportunity to acquire an asset that is located in an up and coming area of the city. When touring the surrounding area, it is quite apparent that a significant amount of capital has been invested to increase business activity. A heavy concentration of professional and medical services makes this property perfect for a wide variety of uses, and with 16,000 +/- sq. ft. between two buildings, the flexible space provides the ability to support multiple tenants. These buildings have been extremely well cared for over the years, and you will not come close to reconstructing these properties for a price comparable to acquiring them at auction. The land acquisition cost in the surrounding area will be substantial, so don't miss this opportunity to purchase an extremely attractive asset at your price.
Lot Size: 2.68+/- acres
Year Built/Remodeled: Built in 1994, renovated in 2018
Parcel ID#: 12-22-300-018
2019 Tax Assessment (SEV): $802,600*
2019 True Cash Value: $1,605,200*
*Taxes are based on the lower Taxable Value
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