Rehabilitation/Treatment Center - Available for Sale or Lease

Highlights:

• 25,329 square foot rehabilitation/treatment center situated on approximately 3.25 acres of land
• Asking price: $2,990,000
• Property is currently vacant and available for immediate occupancy, repositioning, or redevelopment
• Former addiction recovery and rehabilitation treatment facility with extensive existing infrastructure already in place
• Brand new roof installed in 2025 at a cost of approximately $262,000
• New HVAC system recently installed throughout the facility
• Recent conversion to a coed layout with male and female restrooms located on each hallway
• Functional institutional-grade layout designed for residential treatment and healthcare operations
• Large facility suitable for rehabilitation, behavioral health, medical, office, educational, government, housing, or institutional use
• Existing medical/treatment improvements could significantly reduce buildout costs for a similar operator
• Ample on-site parking and large land area provide operational flexibility
• Located in Owenton, Kentucky, serving Eastern Kentucky and surrounding regional communities
• Positioned within close proximity to major regional roadways with accessibility to nearby population centers
• Owenton serves as the county seat of Owen County and is centrally located between Lexington, Louisville, and Northern Kentucky markets
• Strong long-term demand drivers for behavioral health, rehabilitation, and healthcare services throughout the region
• Opportunity for owner-user, healthcare operator, nonprofit, or value-add investor
• Flexible layout allows for multiple adaptive reuse opportunities
• Low basis on a price-per-square-foot basis relative to replacement cost
• Limited competition for large institutional-quality facilities in the immediate market
• E-commerce resistant real estate with healthcare and service-oriented use potential
• Potential upside through re-tenanting, repositioning, redevelopment, or conversion to alternative institutional uses

Description:

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