Lender Driven Sale: Former Memory Care | Gardens of Waterford

Highlights:

• 50-Unit Former Memory Care Facility: Purpose-built single-story facility with strong potential for reuse in senior housing, behavioral health, transitional care, or rehabilitation services.
• Strategic Central Location: Located in Southeast Montgomery near major hospitals, retail centers, and within minutes of Interstates 65 & 85, offering excellent accessibility for staff, patients, and families.
• Attractive Residential Setting: Nestled among single-family homes, offering a comforting environment conducive to memory or senior care operations.
• Healthcare-Oriented Infrastructure: Includes existing amenities such as a beauty salon, private spa, and common lounges, all ideal for resident engagement and comfort.
• Vacant and Ready for Redevelopment: Clean slate for investors to reposition the asset without the burden of legacy operations or occupancy.

Description:

RI Marketplace Online Auction June 23-25
Register to bid on Marketplace:

https://rimarketplace.com/auction/2537/lender-driven-sale-former-memory-care-gardens-of-waterford?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2537

SVN Senior Living Advisors, in conjunction with RealInsight Marketplace, are pleased to present for sale The Gardens of Waterford. The Gardens of Waterford is a 50-unit, one-story, former long-term care facility that provided Memory Care services. The facility is situated in the southeast section of the metropolitan area. Montgomery, AL had a 2020 population of 200,603, which was down from a 2010 population of 205,764. The Gardens of Waterford is situated in a residential area with neighboring single-family homes. Baptist Medical Center is located to the south of the property along E South Blvd. Retail and multi-family buildings are located along E South Blvd. Within proximity to major thoroughfares, including Interstates 85 and 65, residents enjoy easy access to shopping centers, restaurants, and entertainment venues.

The brick and block building was constructed in 1962 and was reportedly renovated in 2009. The facility previously specialized in memory care services with amenities including a beauty salon/barber shop, a private spa, and various lounges/common areas. The facility is currently vacant and closed for operations.

Daniel Culps
c/o Fisher Auction Company Inc.
License: 5070

Documents: