For Sale: Value-Add, Senior Living Community With Development Upside | Qualified Opportunity Zone| Staunton, VA

300 Churchville Ave Staunton, VA 24401

300 Churchville Ave, Staunton, VA, 24401
300 Churchville Ave, Staunton, VA, 24401 300 Churchville Ave, Staunton, VA, 24401 300 Churchville Ave, Staunton, VA, 24401
FOR SALE Auction Property
Property Type:
Senior Living (over 55 community)
Last Verified:
Mar 08, 2019

Gypsy Hill Place provides an investor with the unique opportunity to acquire a rare, value-add, 30,000 SF, independent living community in an underserved market

  • Located in a Qualified Opportunity Zone, significant upside exists through by-right development of an additional 70-80 units of senior housing on site

  • With 33% of Stuanton, VA’s population over the age of 55, market demand is high for senior living facilities in the area

  • Immediate upside exists through lease-up of existing vacant units, incremental rental increases, and streamlining management operations

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Map of 300 Churchville Ave, Staunton, VA, 24401

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.