The subject property contains 12 units and was previously utilized as an assisted living facility. It has been non-operational for 10+ years. The property is contiguous to an elementary school/child daycare, and provides a synergy with certain uses in mind. This opportunity provides a value-add opportunity to upgrade and operate a well-located ALF or special educational facility. All permitted uses will be considered except for those not conducive to the contiguous daycare. Much of the heavy lifting has been completed with impact windows, renovated bathrooms, and kitchen cabinets and countertops. The property is being rented on a net basis with the tenant responsible for taxes, insurance, and maintenance. This is a master lease for the 12 units. Rented at $25/sf net on an annual basis. Sublease the 12 units individually. Master lease is triple net.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
