1803 Lindauer Rd - Assisted Livings FOR SALE


Forrest City, AR 72335
$1,100,000 USD
501-396-9671
1803 Lindauer Rd, Forrest City, AR for Sale
$1,100,000 USD
Assisted Livings - FOR SALE
1/13
null | 13.64% Cap Rate

1803 Lindauer Rd
Forrest City, AR 72335


HIGHLIGHTS

  • Licensed by the Office of Long Term Care in Arkansas, 45 beds and 60 beds

OVERVIEW

Introducing a versatile property offering boundless potential for various uses in West Memphis, Arkansas and Forest City, Arkansas. West Memphis: Introducing a well-equipped residential care facility in West Memphis, offering exceptional potential for a wide range of care services. Constructed in 1996, this facility has been meticulously maintained, showcasing its commitment to providing quality care. Room and Capacity: The facility boasts 31 resident rooms, licensed for 60 beds in the state of Arkansas. Its spacious and versatile design allows for efficient utilization of space and accommodation. Accessibility Features: Some rooms have external access, enhancing the convenience and mobility for residents and staff alike. This feature ensures ease of movement and accessibility within the facility. Laundry Facilities: Equipped with 1 industrial and 2 Commercial washing machines, the facility is well-prepared to handle large volumes of laundry, an essential aspect of daily operations in a care setting. Heating and Cooling: Each room is fitted with PTAC units, ensuring individualized comfort for residents. The facility also features 3 industrial HVAC systems for common areas, maintaining an ideal environment throughout. Specialized Wing: The facility includes a dedicated wing for a day treatment center/RSPI provider, expanding its service offerings and potential uses. Additional Amenities: It comes with 3 industrial boilers, highlighting the robust infrastructure in place to support the facility's operations effectively. Expansion Potential: There is additional adjoining property available for negotiation, providing an excellent opportunity for expansion or development to cater to growing needs. Location Advantage: Located on the outskirts of the city, just 6 miles from Memphis, the facility benefits from its proximity to essential services and amenities, while still providing a tranquil setting for residents. This residential care facility represents an outstanding opportunity for investors or operators looking to establish or expand their presence in the healthcare sector. Its comprehensive amenities, strategic location, and expansion possibilities make it a prime choice for those committed to providing exceptional care services. Forest City: Built in the 1960s, and the second property 1996, these properties are well maintained and recently upgraded with a new roof installed in 2021, representing a significant investment in its longevity and structural integrity. Flexible Usage: Whether you envision it as a Residential Care Facility, a rehabilitation center, multi-family housing, or another purpose entirely, these properties offer the versatility to accommodate a wide range of uses. Licensing and Capacity: Currently licensed by the state of Arkansas for a Residential Care Facility with a capacity for 45 beds, the property boasts 29 rooms, including specialized spaces such as a beauty shop, a medication room, two break rooms, and four offices. This licensing provides a solid foundation for various healthcare or residential care operations. Essential Amenities: Equipped with an industrial washer and dryer, PTAC unit heating and cooling in all rooms, and three industrial heating and air central units for common areas, the property offers essential amenities to support a wide range of activities and services. Safety and Security: The property features a fully operational industrial emergency sprinkler system, ensuring the safety and well-being of occupants. Additionally, its tranquil neighborhood setting provides a secure and peaceful environment for residents or clients. Financial Viability: Despite staffing challenges, attributed to high demand for care services, the property remains financially viable, with revenue potential from Medicaid and SSI support. With strategic management and operational improvements, it has the potential to generate substantial returns for investors or operators. Furnishings: All existing bed frames and furniture convey with the property, along with 50 new beds and mattresses/box springs, providing a turnkey solution for potential buyers or operators. Size and Location: Spanning over 18,000 square feet on a 1.5-acre lot, the property offers ample space for expansion and development. Its convenient location in Forest City provides easy access to local amenities, healthcare facilities, and transportation networks. This property presents a rare opportunity for investors or operators seeking a versatile property with endless possibilities for use and development. With its licensing, amenities, and strategic location, it is poised to become a cornerstone of the community, catering to a diverse range of needs and clientele. This portfolio includes Two Residential Care Facilities. All Info shown in this listing represents the first facility. The second facility is a fully operating and staffed Residential Care Facility. It is an exclusive off-market listing: details available upon request. Video Walkthrough: https://www.lauralabay.com/listings/rcf_forest_city

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

13.64%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arkansas Assisted Living Facilities

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,460 SF

ZONING

-

APN/PARCEL ID

0800-00273-0000

ASK ABOUT THIS PROPERTY

Laura LabayLabay Realty, Exp RealtyMore Info
501-396-9671

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

Laura LabayLabay Realty, Exp RealtyMore Info
501-396-9671

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