The Victorian- Asst. Living Memory Care Facility
Market Price
1321 Columbus Street, Rapid City, SD 57701
12
Cap Rate
618,000
NOI
Details:
Highlights:
- Existing Assisted Living Facility with leasing upside and expansion possibilities
- Expandable in the existing SF Footprint
- Single and dual occupancy rooms with in-suite bathrooms
Description:
The facility is currently operating as an Assisted Living and Memory Care facility with 48 Beds, with in-suite bathrooms in every room. 39 beds are currently occupied with residents. There is an on-site commercial kitchen, laundry equipment and facilities, plus a hair salon and office space for the staff. The property is ideally suited for conversion to a Behavioral/Rehab Care facility, as a result of the 3 separate wing design, which makes up the living/sleeping rooms. There is a central area with the Entry, kitchen, dining, sitting parlor and activities rooms, where the residents can commune in common. There is a large unimproved open area in the basement for expansion (NIC in SF), plus offices on the 2nd floor (NIC in SF) as a bonus.
Documents:
Title | ||
---|---|---|
The_Victorian_Rapid_City_CBRE_low_res.pdf
|
Location
