Value Add Care Facility - Louisville KY

4604 Lowe Rd Louisville, KY 40220

4604 Lowe Rd, Louisville, KY, 40220
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FOR SALE
Property Type:
Other Hospitality
Amount:
$6,999,000
Last Verified:
Feb 20, 2024

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Description

Prime value-add opportunity conveniently located within a 10-minute drive to three major medical centers, offers 91,383 SF across 9.03 acres.

Once a vibrant nursing home community, Regis Woods was originally licensed for 186 skilled nursing beds. The winged layout of the building allows for multiple service units. The previous operation offered Traditional Long-term Care, Transitional Care, and a Memory Care unit. The building has the physical capacity to run 248 beds. The single-story building includes many amenities: 3 dining rooms, 2 kitchens, salon, walk out court yards, physical therapy gym, and a recently added ‘Dialysis Den’.

Priced Well Below Replacement Cost.
- Price Per Square Foot (91,383): $76.59
- Price per Acre (9.033): $774,826
- Price per Patient Room (134): $52,231
- Price per Max Bed Capacity (248): $28,222

Easy access to I64 & Hwy 264.


Year Built: 1978
Building Size: 91383sq ft
Lot Size: 9.03 acres


Documents

Regis Woods Flyer.pdf

Map of 4604 Lowe Rd, Louisville, KY, 40220

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: