Avison Young is pleased to exclusively offer the opportunity to purchase and convert to a high-end hotel brand, Golden Crest Senior Living. Built in 1990, this 60-unit, 34,823 square foot (SF) class B health care building is well situated at 425 Country Club Drive in Stockbridge, GA, and primed for a hotel conversion The property features 68 surface-level parking spaces across its 6.92 acres of land. With direct exposure to Country Club Drive, this property is positioned excellently for commute and access to nearby amenities and has minimal competition in the market given its high-end potential.
DISCOUNT TO REPLACEMENT COST
Over the last several years as the economy has continued to grow, both labor and materials have reached all-time peaks leading to soaring construction costs for new build projects. Conversely, this property is being offered at a substantial discount compared to the price to replicate the same assets today, offering a new investor immediate value from day one.