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