In Distress…but Good Opportunity for the Right Buyer
Maple Heights is a licensed Adult Care Home (Assisted Living Facility) under a revocation of license order from the State of North Carolina. The facility continues to operate with 16 residents as of the time of this listing as they appeal the revocation order. This property has a Person County (NC) tax value of $950,000. This facility can be sold to an Adult Care Home owner/operator with a contingency that they will receive a clean license to operate upon a sale. Or, this facility can be sold for an alternative use. This older property does not have individual bathrooms in the rooms, but rather community baths/showers for its residents. The owner is motivated for a quick cash sale. This property is in distress but this is a good opportunity for a knowledgeable potential assisted living owner operator to buy at a lower price point and not be deterred by the current state sanction. The success of this current Adult Care Home business is dependent on a new owner operator executing the mission of caring for older adults within the guidelines of state and local officials.
Offered at $875,000. Owner negotiable. Sale comes with land, facility and current Furniture, Fixtures and Equipment (FFE). Owner will cooperate with changeover in ownership. Buyer may make an offer contingent upon a new license (CHOW) being issued in a settlement agreement with the State of North Carolina to operate this facility.