1141 Corinth Rd - Senior Housing FOR SALE


Newnan, GA 30263
$2,100,000 USD
404-876-1640
1141 Corinth Rd, Newnan, GA for Sale
$2,100,000 USD
Senior Housing - FOR SALE
1/16
null | Request Cap Rate

1141 Corinth Rd
Newnan, GA 30263


HIGHLIGHTS

  • 90% + Occupancy
  • 15 Units licensed personal care home | Can double unit count by turning L-shaped building into U-shaped building.
  • Includes both real estate and business
  • Fully furnished
  • Zoned RC | 5.11 Acres also allows for an additional building
  • 10-mile unmet demand is 36 units, growing to 135 units by 2026, 275% increase

OVERVIEW

Bull Realty is pleased to offer this 15-unit licensed Personal Care Home, including real estate and business, on 5.11 acres, with ability to add cottages, in Newnan, GA (Metro Atlanta). 90% + occupancy. Below market rental rates. The total demand is 322 Assisted Living units today growing to 421 in 2026 in the PMA, a 30.74 % increase. There is a total of 286 units with within the 10-mile PMA with 0 planned new units. As the model indicates, the Unmet Demand for Assisted Living units in the Newnan PMA totals 36 units growing to 135 units in 2026, an 275.0 % increase. Demographics for Age 75+ within the 10 mile radius are as follows: Average Household Income is $54,914, average net worth is $910,804, and average housing values are $274,022.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$377 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

90% + Occupied Personal Care Home

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Senior Housing

ADD'L SUBTYPES

Assisted Living

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RC

APN/PARCEL ID

076-2-074-023

ASK ABOUT THIS PROPERTY

Ernie Anaya, MBABull Realty Inc.More Info
404-876-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ernie Anaya, MBABull Realty Inc.More Info
404-876-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.