1800 Cowles Ave - Assisted Livings FOR SALE


Longmont, CO 80504
$1,650,000 USD
312-859-7408
1800 Cowles Ave, Longmont, CO for Sale
$1,650,000 USD
Assisted Livings - FOR SALE
1/5
null | Request Cap Rate

1800 Cowles Ave
Longmont, CO 80504


HIGHLIGHTS

  • Heavily trafficked Boulder County location with no existing Memory Care supply
  • Zoned & entitled for assisted living or memory care
  • $600k/acre, or best qualified offer
  • Market clearing exercise for seller, please reach out directly at 312 859 7408 for info

OVERVIEW

We are pleased to present the Longmont Development site, a 2.83-acre parcel entitled for a 56-unit memory care community in Longmont, Colorado, a growing submarket of Boulder County Situated just a quarter mile from UC Health Longs Peak hospital; Surrounded by new MF development and strong senior housing demand demographics including exemplary, 24%+ Age 85+ Population Growth High median home values greater than $650,000 within the submarket; Prime land value & high replacement value Given the areas surrounding demos, and the extremely limited seniors housing supply (No Memory Care competition), there is a great opportunity for a seniors user to come forward, and achieve Pro Forma EBITDAR of ˜$1.85M on conservative, 90% occupancy The property is being offered for sale at ˜$600k/acre, though this represents a market-clearing exercise for the seller, and we are open to hearing any/all offers

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$46 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Longmont (Boulder County) Development Site

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

-

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

2.82 AC

LAND SF

122,839 SF

ZONING

R-MN

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dillon RudyBlueprint Healthcare Real Estate Advisors, LLCMore Info
312-859-7408

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Dillon RudyBlueprint Healthcare Real Estate Advisors, LLCMore Info
312-859-7408

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