Kevin Riles Commercial is pleased to offer this excellent opportunity to purchase an existing Assisted Living Facility. This property consists of two approximately 6,630 sq. ft bldg. (total 13,265 sq.ft.) sitting on 1.9 Acres just off of FM 1092 in Missouri City, TX. The two buildings are currently licensed by the state of Texas as Small Type B facilities. The facility is licensed for 40 Beds. It has 20 rooms for patience along with 3 flex bedrooms for overnight staff. All Furniture, Fixtures, and Equipment currently on site are included in the sale. The building was designed in such a way that each holds two separate licenses with a firewall and kitchen separating the “A” and “B” sides. The campus is immaculate with thousands spent on the landscaping package to make them feel inviting for families. Each building has a commercial-grade kitchen.
The bldg. has other possible uses as well with group homes, hospice facilities, or acute treatment facilities to name a few. The current owner can move existing patients to another location upon closing if the new owner has another use or has their own patient load. The current average monthly rate per bed per month is $4,000.
The facility is located just off FM 1092 in Missouri City, TX. The location away from the street and the gated nature of the facility allows for safety for patients and their families. In addition, it’s located in a strong submarket in terms of retail, residential housing and schools.