452 Ossie Davis Pky - Assisted Livings FOR SALE


Waycross, GA 31501
$2,000,000 USD
210-889-6819
452 Ossie Davis Pky, Waycross, GA for Sale
$2,000,000 USD
Assisted Livings - FOR SALE
1/17
null | Request Cap Rate

452 Ossie Davis Pky
Waycross, GA 31501


OVERVIEW

This established, licensed 24-bed personal care home has been in continuous operation for over 30 years and includes both the real estate and the operating business—all in one turnkey package. The ±19,300 square foot single-story facility sits on ±1.26 acres and was purpose-built for senior care, offering a fully compliant, ADA-accessible layout that includes private and semi-private rooms, large dining and activity areas, administrative offices, and a commercial kitchen. The property was renovated in 2003 and is fully sprinkled and code-compliant, supporting continued or expanded operations. While currently licensed for 24 beds, the facility has room to accommodate 30+ residents, making it an excellent value-add opportunity for investors or operators looking to grow. The current cash flow is strong. With 21 residents in place at a Medicaid reimbursement rate of $33,505.60 per resident annually, the facility generates $703,617.60 in gross revenue, with actual operating expenses of $452,270.00, resulting in a net operating income (NOI) of $251,347.60. At full capacity with 24 residents, the projected NOI exceeds $351,000, and further upside is achievable with bed expansion. A dedicated, qualified staff is already in place, allowing for seamless ownership transition and immediate income. Located along Ossie Davis Parkway with close proximity to hospitals, pharmacies, and healthcare providers, the facility serves the Ware County region and is well-positioned for long-term demand in senior housing, behavioral health, or transitional care. The property’s unzoned classification offers flexibility for various care models beyond traditional assisted living. Seller financing may be considered, pending credit review, with an example structure of $500,000 down at 5% interest. A $1.5M loan amortized over 20 years would equate to an estimated monthly payment of approximately $9,899—well-supported by current NOI and delivering strong DSCR performance. This is a rare chance to own a performing healthcare business with real estate, strong cash flow, expansion potential, and a solid operational foundation. Financials are available with a signed NDA. For more information or to schedule a private tour, please contact: Jeff Hammond, Broker, MPA ?? 210.889.6819 ?? Jeff@roicommercialadvisors.com ?? HSICommercial.com

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

Request Cap Rate

% LEASED

92%

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

UNZONED UR

APN/PARCEL ID

WA1502-090

ASK ABOUT THIS PROPERTY

Jeff HammondHSI CommercialMore Info
210-889-6819

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

Jeff HammondHSI CommercialMore Info
210-889-6819

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