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  • For sale
Existing Hospice with Alternative Use Potential - #1
Existing Hospice with Alternative Use Potential - #2

For Sale

$3,600,000 USD

Existing Hospice with alternative use potential


Re-Development Opportunity in Sebring


• 6 acres total / 24 units [16 private units with shell space that can accommodate 8 additional beds (approximately 15% of the building)]
• Current Use: residential care facility (hospice)
• Move-in ready
• Gross building area: 37,916 SF
• Net Rentable area: 29,306 RSF
• Year Built: 2010
• 90 all surface parking spot
• Flood Zone: X
• Generator: 550 kw with 4,000 gallon tank
• Zoning: City of Sebring
• Permitted uses: permitted with exceptions


 


Market indicates Demand for Memory Care
• Limited MC supply within 5 miles (only 3 communities offering a total of 104 beds)
• There are nearly 3,400 age and income qualified seniors in the 5 mile radius so current MC penetration rate is great at only 3%
• All of the MC unmet demand calcs show positive