Harmony Palms - Englewood

1460 Maryknoll, Englewood, FL

$399,000

Price

2.5 acres

Lot Area

 
Overview
Lot Area
2.5 acres
Description

Harmony Palms - Englewood is designed as a 55-unit assisted living and memory care facility. It is a waterfront property with convenient central location. The site is approximately 3 miles from Englewood Hospital and Medical Center. The existing building has been razed and the facility is currently in the planning and zoning stage.

Subject property is located on the waterfront, accessible from S. McCall Road (SR 776) and S. Oxford Drive in Englewood, FL.

Highlights
  • Proposed Rental rates: Average of $4,000 per unit.
  • Estimated Annual revenue at 93% occupancy: $2.45 million.
  • Estimated value "AS IS": $600,000.
Documents

Location