12 Unit Healthcare Facility | ±8,878 SF | For Lease

Description:

This ±8,878 SF property is immediately available and located in the area of Newnan, GA. This 12-unit healthcare facility was built in 2009 and zoned R-C (Rural Conservation.) Seller will support rezoning or Special Use Permit application. Originally built as a hospice, the property is also suited for medical uses such as a clinic or urgent care center requiring zoning approval.

This facility includes fully operational medical areas including a medication room, medical waste room and nurses’ work room. The 12 units suitable for exam and treatment rooms; each room contains a shared full bathroom arrangement (Jack & Jill) with shower, commode and sink. Property amenities also include a reception area, conference room, chapel, kitchenette and laundry room. Gas-powered generator, sprinkler, video cameras Madras Parkway is being expanded to connect to I-85 increasing traffic; such expansion is driving plans for a potential adjacent Kroger Mart to be built. Facility is located in a wealthy are of Newnan, less than one mile from the Newnan Country Club.

Data for Coweta County reveals a patient-to-primary-care-physician ratio of 2,205 to 1. This ratio is significantly higher than the benchmark of 1,500:1 that is often considered the minimum for adequate access, and it points to a market under significant strain. The 5-mile PMA is characterized by a dense and growing population of 64,779 residents in 24,806 households. The area exhibits strong economic vitality, with a median household income of $96,972 and an average household net worth of $1,430,003, which surpasses both city and state averages.

This economic strength, coupled with high local home values, indicates a significant capacity for healthcare spending. Based on established consumer spending data provided by ESRI showing the average healthcare spent per household within a 5-mile is $8,015; thus, the total addressable healthcare market within the PMA is estimated to exceed $175 million annually, representing a substantial revenue pool for a new market entrant.

This property is located in Newnan, Ga

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