919-576-2514
306 S Allen Rd, Wake Forest, NC for Sale
Assisted Livings - FOR SALE
1/22
null | Request Cap Rate

306 S Allen Rd
Wake Forest, NC 27587
Outer Northern Outlying


HIGHLIGHTS

  • 306 S Allen Road presents a 2.75-acre parcel improved by a 23,438-square-foot former assisted living facility with a site plan for 31 beds.
  • In the heart of Downtown Wake Forest with easy access to highways and direct access to Raleigh via US 1/Capital Boulevard.
  • The facility is no longer licensed, but there are plans and approvals in place for residents over the age of 62.
  • Zoned Residential Mixed-Use Conditional District (RMX-CD), enabling reopening the facility or converting to another mixed-use operation.
  • Of the 10-mile population of 271,184 residents, approximately 35,609 are within the 62-64 age group, and 42,571 are older.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Assisted Living Approved for 31 Beds

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Skilled Nursing Facility

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

2.75 AC

LAND SF

119,790 SF

ZONING

RMX-CD

APN/PARCEL ID

1840.07-68-8987-000

ASK ABOUT THIS PROPERTY

James BaileyLee & AssociatesMore Info
919-576-2514

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James BaileyLee & AssociatesMore Info
919-576-2514

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