361 Leonard Rd - Assisted Livings FOR SALE


Louisburg, NC 27549
$700,000 USD
919-496-4490
361 Leonard Rd, Louisburg, NC for Sale
$700,000 USD
Assisted Livings - FOR SALE
1/10
null | Request Cap Rate

361 Leonard Rd
Louisburg, NC 27549


HIGHLIGHTS

  • Senior Living Facility | Value-Add Opportunity - Previously licensed for 62 beds (license expired Dec 2024)
  • Two dining areas + full commercial kitchen
  • Three wings, each with common area, bathing area, and office. Built-out layout for assisted living / senior care use
  • Previously appraised at $3M (operational) Current County tax value: $2M. New roof completed – major capital already addressed
  • NCDHHS walkthrough completed – items identified and correctable. Licensing path defined – sprinkler system required (~$1M)
  • Only 13 Minutes from downtown Louisburg and 35 Minutes to Wake Forest NC

OVERVIEW

Raynor Realty, powered by REAL, is pleased to present 361 Leonard Rd, an 18,040 SF former senior living facility situated on 4.06 acres in Louisburg, NC. Previously licensed for 62 beds, the property is fully built out for senior care use and offers a clear path for an experienced operator to restore operations or reposition as a behavioral health or rehabilitation facility. Offered below replacement cost, the opportunity is priced to reflect required improvements, including installation of a fire sprinkler system to meet current licensing requirements. With major capital items already addressed and a defined path to re-licensure, this presents a compelling value-add opportunity in a growing market with increasing demand for care-related services.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$39 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Rehabilitation Center, Skilled Nursing Facility

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

4.06 AC

LAND SF

176,854 SF

ZONING

commercial

APN/PARCEL ID

012720

ASK ABOUT THIS PROPERTY

Cory ThorntonRaynor RealtyMore Info
919-496-4490

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

Cory ThorntonRaynor RealtyMore Info
919-496-4490

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