Senior Living Facility | Dahlonega | 27 Units

634 Crown Mountain Drive Dahlonega, GA 30533

634 Crown Mountain Drive, Dahlonega, GA, 30533
634 Crown Mountain Drive, Dahlonega, GA, 30533
FOR SALE
Property Type:
Subsidized Housing
Amount:
$2,000,000
Last Verified:
Jul 18, 2019

Highlights

  • New 3-story 30-unit / 60-bed facility in lease-up
  • Great views on 11-acre site with additional building sites
  • Substantial land area for buyer to expand construction
  • Schindler elevator in the center
  • Currently in process of stabilization
  • Extensive interior renovations including hardwood floors, LED lighting, HVAC units and new elevator
  • Comfortable finishes including new unit furnishings, blinds, curtains, flat screen TVs and massage chairs
  • New exterior paint and parking lot asphalt
  • Dahlonega is very attractive and accommodating to senior life style
  • Convenient to quaint Dahlonega town square and area healthcare
  • Close to University of North GA senior housing labor pool
  • Senior living demand in area expected to increase by over 38% in next 60 months
  • Memory Care demand in area expected to increase by over 37% in next 60 months
  • Average HH income in 10-mile range for age range of 65-74 is $84,480
  • Average net worth in 10 mile range for age range of 65-74 is $1,262,169
  • Assisted living monthly rental rates within 25-miles average $3,923

Description

This 27-unit structure has all necessary operational certifications and licensing to operate as a senior housing facility. The primary market area in which this property is located, shows favorable operational analysis and strong need for assisted senior housing.

The high-quality vinyl and brick building was constructed in 2000 and can accommodate 60 beds. The property expands over 11 acres and has 4 additional building sites available for further development.

Dahlonega is a growing community, known for an abundance of activities, including hiking through the foothills of the Blue Ridge Mountains; panning for gold in knee deep bubbling streams; strolling through the historic and delightful downtown square, which boasts delicious restaurants, art galleries, shopping in one of a kind boutiques; sipping exclusive and delicious Georgia wine; or playing golf at a signature Jack Nicholas course. There is live music, theater, and arts entertainment year-round at venues and seasonal festivals.


Year Built: 2000
Building Size: 12480.0sq ft
Lot Size: 11.0 acres

Map of 634 Crown Mountain Drive, Dahlonega, GA, 30533

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