This Property is no longer advertised on Showcase.com.
Off Market
1/19

249 Lincoln Hwy
North Versailles, PA 15137


HIGHLIGHTS

  • VALUE ADD OPPORTUNITY
  • 66 Room Facility with Private Baths
  • Currently Vacant
  • 54 of 66 Units Renovated
  • $1,000,000+/ in Recent Capital Improvements

OVERVIEW

TREMENDOUS UPSIDE POTENTIAL! The Gardens at Lincoln Court is a two story, 131,360+/sf building with a 66 Room Con?guration. It's a former Holiday Inn motel. The current ownership purchased the building in 2013 with the intent to repurpose the building as a Personal Care Facility. The ?rst ?oor was completely remodeled. There are 33 rooms all with private baths. They achieved an occupancy of 38 residents. Through an oversite, the owner failed to obtain the necessary permits and approvals for remodeling and operation as a Personal Care Home. Due to being unable to get a Use and Occupancy permit from the North Versailles Township, the facility was forced to cease operation by the State in 2019. Currently Vacant. New ownership can ?nish improvements by remodeling the second ?oor and operate the building as a 66 bed Personal Care Facility. - 33,000 sf of Community Space, Theater Room, Library, Dining Hall, Banquet Hall, Courtyard with Gazebo

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

The Gardens of Lincoln Court

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

131359

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

3.02 AC AC

LAND SF

131,551 SF

ZONING

-

APN/PARCEL ID

0457-K-00170-0000-00