Lender Driven Sale: Former Senior Housing

Highlights:

• Purpose-built, 61-unit former assisted living facility
• Ample amenities including beauty salon, private spa, etc.
• Excellent opportunity to re-open for assisted living services
• Potential conversion to alternative uses (behavioral health, rehabilitation, etc.)
• Significant discount to replacement cost

Description:

RI Marketplace online Auction June 23-25, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2538/lender-driven-sale-former-senior-housing?utm_source=breitas&utm_medium=listing&utm_campaign=external&utm_content=seniorhousing_2538

SVN Senior Living Advisors, in conjunction with RealInsight Marketplace, are pleased to present for sale the The Landings at Montgomery is a 61-unit, one-story, long-term care facility designed to provide Assisted Living services. The facility is situated in the southeast section of the metropolitan area, at the termination of Lynchburg Drive, west of Virginia Loop Road and south of HWY 82 in the City of Montgomery, Alabama. Montgomery had an April 2020 population of 200,603, which is down from a 2010 population of 205,764. The property is immediately adjacent to the Montgomery Health and Rehab facility, a rehab and skilled nursing facility. The immediate area contains multiple large, low-density multi-family developments, single-family neighborhoods, and a variety of commercial uses along State Hwy 82. The brick and block building was originally constructed in 1987. The property was fully renovated in 2015, including interior units and common areas such as walls, electrical, plumbing, light fixtures, appliances, and flooring, as well as the building roof and exterior. The facility is currently vacant and closed for operations.

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