450 Towne Center Blvd - Health Care FOR SALE


Ridgeland, MS 39157- Outer Ridgeland/Madison | 
$10,000,000 USD
601-624-8511
450 Towne Center Blvd, Ridgeland, MS for Sale
$10,000,000 USD
Health Care - FOR SALE
1/39
null | Request Cap Rate

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450 Towne Center Blvd
Ridgeland, MS 39157
Outer Ridgeland/Madison


HIGHLIGHTS

  • Fifty private resident rooms in five separately accessed suites
  • Commercial kitchen, laundry, dining, chapel and central nursing core in place
  • S-1 zoning lists group care, senior living, schools and churches as permitted uses
  • Sprinklered throughout, elevator, standby generator, Flood Zone X
  • 15,432 SF expansion wing framed and ready to finish
  • 101 parking spaces on 5.14 acres

OVERVIEW

450 Towne Center Boulevard is a purpose-built 51,122 square foot residential care campus on 5.14 acres in Ridgeland, Mississippi, offered for sale at $10,000,000 and delivered vacant. Designed by Maisel Architect and built between 1997 and 1999 as an inpatient hospice, the campus holds fifty private resident rooms of approximately 150 square feet in five residential suites, each with its own entry off an enclosed, heated and cooled walkway. The suites surround a central nursing core with a dispensary, tub rooms and a hydrotherapy room. The support plant is already built: a commercial kitchen, commercial laundry, dining rooms, a 2,254 square foot timber-vaulted chapel, and a two-story, 16,800 square foot administration building served by an elevator. A 15,432 square foot expansion wing is framed and slabbed on two levels and ready to be finished to a buyer's own program. The property is zoned S-1 Special Use District, which lists large-scale group care facilities, retirement communities with related health care, schools, churches and civic uses as permitted uses. That makes the campus a natural fit for residential behavioral health and substance use treatment, assisted living and memory care, and institutional or educational users, without a rezoning. At approximately $196 per square foot, the offering is priced below what a Jackson-area general contractor quoted for shell construction alone, $250 to $280 per square foot, and well under the $400 to $425 per square foot two contractors quoted for a finished building of this type, before land and site work. Room counts are per the architect's drawings, and buyers should verify zoning, licensure and all information independently.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Health Care

ADD'L SUBTYPES

Assisted Living, Continuing Care Retirement Com, Rehabilitation Center

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

101

LAND DETAILS

LAND ACRES

5.14 AC

LAND SF

223,898 SF

ZONING

S-1 Special Use

APN/PARCEL ID

072I-32B-006-04-00,072I-32B-022-00-00

ASK ABOUT THIS PROPERTY

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601-624-8511

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Scott OverbyOverby CommercialMore Info
601-624-8511

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