Former Independent Living facility 15 beds

Special Purpose for Sale
Sale Pending
Catylist Listing ID: 30597149
Property Subtypes: Senior Housing
Status: Pending
Building Size (RSF): 6,323 SF
Gross Building Area: See Agent
Sale Price: $675,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/12/2021

Overview / Comments

The property consists of a 1.05-acre parcel improved with single-story, colonial-style building. The property was constructed for, and most recently used as an independent living facility for the elderly, with a common kitchen-dining area and common laundry room supporting 4 separate living pods with a total of 15 bedrooms. Each pod has a full, roll-in ADA bathroom. There are 2 other bathrooms, one full, roll-in ADA and one small ADA 1/2 bath. The building is wood-framed construction, trussed roof, slab on grade, built about 1988. There is 6,323 sf.
The site is nicely maintained and appears to be fully developed for its current use. The site is serviced by municipal water and sewer, and appears to be adequately drained.

The building is improved with a fire-alarm system, a dry sprinkler system (attic area too) including hands-free exterior doors (not operating). The building is fully conditioned with central heat (FHW by oil) and central air conditioning. Most of the flooring is VCT, some pods are carpeted (needs to be replaced), tiled bathrooms and a rubber floor in thekitchen and the laundry room.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $0 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 36/066
Zoning: MHDR
Property Visibility: Excellent
Largest Nearby Street: Route 102
Highway Access: Exit 4 or Exit 5, Interstate 93
Airports: Manchester Boston Regional Airport
Site Description: 100% developed with building, pavement and landscaping.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1988
Year Renovated: 2008
Roof Type: Gable
Construction/Siding: Vinyl Siding, Wood Frame
Parking Type: Surface
Parking Description: On site 10+ paved and striped spaces
Sprinklers: Dry
Heat Type: Oil
Heat Source: Baseboard
Air Conditioning: Package Unit
Zoning Description: MHDR Multi-family and Private schools allowed by right, artist, artisan, craftsman, tradesman and repairman allowed by special exception
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: RCRD 3507 / 421

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,484 36,266 68,010
Median Age: 36.49 38.78 39.36
Households: 3,710 13,935 24,909

Contact

Photograph of Listing Agent

Ralph Valentine, CCIM

The Valentine Group
NECPE Member
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