16202 National Pike - Assisted Livings FOR SALE


Hagerstown, MD 21740
$899,000 USD
301-346-3664
16202 National Pike, Hagerstown, MD for Sale
$899,000 USD
Assisted Livings - FOR SALE
1/51
null | Request Cap Rate

16202 National Pike
Hagerstown, MD 21740


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$556 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Senior Living Facility

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Rehabilitation Center, Skilled Nursing Facility

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

2.82 AC

LAND SF

122,839 SF

ZONING

RT

APN/PARCEL ID

23-001349

ASK ABOUT THIS PROPERTY

Taylor BowenBerkshire Hathaway | Bowen RealtyMore Info
301-346-3664

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Taylor BowenBerkshire Hathaway | Bowen RealtyMore Info
301-346-3664

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