457 Old Lewiston Rd - Assisted Livings FOR SALE


Winthrop, ME 04364
$1,215,000 USD
207-623-1123
457 Old Lewiston Rd, Winthrop, ME for Sale
$1,215,000 USD
Assisted Livings - FOR SALE
1/19
null | Request Cap Rate

457 Old Lewiston Rd
Winthrop, ME 04364


HIGHLIGHTS

  • The building has over 13,000 SF of area,(with much more available space in the basement)
  • many individual rooms and baths, a nice entry/reception area, nurses stations and multiple offices are spread around the building
  • very spacious with 2 levels and an elevator, (the elevator also goes down to the basement)

OVERVIEW

Here is an excellent investment opportunity, a large multi-use building that has many potential uses and a nice lot size of 5.3 acres with good road frontage, ample parking and offers good expansion opportunities! Nice area, quiet and somewhat rural, close to both Augusta and Lewiston, nice grounds and garden areas. The building has over 13,000 SF of area,(with much more available space in the basement) many individual rooms and baths, a nice entry/reception area, nurses stations and multiple offices are spread around the building, a very spacious and sunny two room dining area with lots of seating capacity and 2 fire places, there is also a beauty salon. The building is very spacious with 2 levels and an elevator, (the elevator also goes down to the basement) BBHW heat along with some heat pumps, and vinyl windows. The full basement offers plenty of usable space with a laundry, kitchen, various staff offices, storage, etc., a propane generator system, a sprinkler system, city water and sewer, ramps on the outside, plenty of parking with about 60 or so spaces, (possibly more) there are 2 parking areas - one in front of the building and the other out back. A section of the building was flooded and has been remediated. Formally a 52-bed assisted living and rehabilitation center. A good candidate for redevelopment, for an apartment building, a living facility, etc., and more. Much good potential here. Some seller bridge financing may be available to qualified buyers. Call for more info.

FOR SALE DETAILS

PRICE

$1,215,000 USD

PRICE/SF

$89 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage Rehabilitation Living Center

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.3 AC

LAND SF

230,868 SF

ZONING

RU

APN/PARCEL ID

WINP-000001-000058-E000000

ASK ABOUT THIS PROPERTY

James PepinSprague & Curtis Real EstateMore Info
207-623-1123

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James PepinSprague & Curtis Real EstateMore Info
207-623-1123

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