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.