22 Madras Pky - Assisted Livings FOR SALE


Newnan, GA 30263
$1,900,000 USD
678-283-0136
22 Madras Pky, Newnan, GA for Sale
$1,900,000 USD
Assisted Livings - FOR SALE
1/15
null | Request Cap Rate

22 Madras Pky
Newnan, GA 30263


HIGHLIGHTS

  • ±8,878 SF property is suited for healthcare of senior housing facility purposes
  • 12 double occupancy units for residents
  • Immediate occupancy available
  • Fully functioning staff and medical operational areas. Built in 2009.
  • Septic tank just replaced with sewer connection (greater than $50,000 cost)
  • Plans under way to connect Madras Parkway to Highway I-85

OVERVIEW

A move-in-ready, 8,878 sq. ft. medical facility, a former hospice, located at 22 Madras Parkway is perfectly positioned to serve our growing population. Priced below market. Madras Parkway to be expanded to connect with I-85 under way for increase traffic. Wealthy area with The Heritage School next door charging tuition upwards of $25,000 per year, and the Newnan Country Club is 1.8 miles away on GA Highway 29. Facility is suitable for a hybrid of Geriatric Medicine and chronic disease management. Coweta County has a patient-to-primary-care-physician ratio of 2,205:1, a figure that indicates a severe undersupply of accessible primary care services. There are 21,833 households within a 5-mile radius of the facility spending an average of $8,015 in healthcare or an untapped Total Available Market of $175 million with leakage outside the 5-mile Primary Market Area. Executive Summary in the link below. Property Highlights • Built as a Hospice Facility 2009, this ±8,878 SF is suited as a clinic, urgent care facility, or hybrid. • Institutional grade building: 10’ Ceilings, and 10’ wide hallways, gas-powered Generator, Sprinkler System, Patient Call System, Video Cameras • Located at the corner of GA Highway 29 and Madras Parkway, across the street from Wesley Woods Assisted Living, a potential source of referrals from a geriatric care perspective • GA Highway 29 has a total traffic count of 17,600 with approved plans to expand Madras Pkwy to connect with Inter-State 85 with a traffic count of 76,000 making the facility accessible to the rest of the county • Fully functioning staff and medical operational areas. • 12 Units with Jack & Jill Full Bathrooms • 2 Offices • 3 Nurse’s Stations • 1 Conference Room • 1 Records Room • 3 half bathrooms • 1 Reception Area • 1 Waiting Room • 1 Chapel • 1 Pharmacy Room • 1 Kitchenette/Break Area • Laundry Room • Linen Room • Maintenance Room • Mechanical Room • Storage • Ample Parking • Septic tank just replaced with sewer connection in March 2025 at a cost of $50,000 • Priced below market at $1,900,000.00 or $214/SF versus an average market at $324.59/SF for 104 Medical Office transactions in Georgia in 2025. • Facility qualifies for an SBA 504 Loan: 25-Year Term 10% Down Payment 6.037% Interest • Or below market NNN lease at $18/SF versus $24.55/SF.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$214 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medical Space | Potential Sale or Lease

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Rehabilitation Center, Skilled Nursing Facility

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.68 AC

LAND SF

116,741 SF

ZONING

R-C

APN/PARCEL ID

084-5140-007A

ASK ABOUT THIS PROPERTY

Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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