High Occupancy Personal Care Home | 15 Units with Room to Grow

1141 Corinth Road Newnan, GA 30263

1141 Corinth Road, Newnan, GA, 30263
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FOR SALE
Property Type:
Subsidized Housing
Amount:
$2,100,000
Last Verified:
Oct 04, 2024

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Highlights

  • High Occupancy
  • 15 Units licensed personal care home
  • Includes both real estate and business
  • Fully furnished
  • 10-mile unmet demand is 36 units, growing to 135 units by 2026, 275% increase
  • 10-mile net worth at age 75+ is $910,804
  • 10-mile average home value is $274,022
  • 10-mile PMA average rents for assisted living is $5,124
  • Zoned RC

Description

Bull Realty is pleased to offer this 15-unit licensed Personal Care Home, including real estate and business, on 5.11 acres, with ability to add cottages, in Newnan, GA (Metro Atlanta). High Occupancy occupancy. Below market rental rates.

The total demand is 322 Assisted Living units today growing to 421 in 2026 in the PMA, a 30.74 % increase. There is a total of 286 units with within the 10-mile PMA with 0 planned new units. As the model indicates, the Unmet Demand for Assisted Living units in the Newnan PMA totals 36 units growing to 135 units in 2026, an 275.0 % increase. Demographics for Age 75+ within the 10 mile radius are as follows: Average Household Income is $54,914, average net worth is $910,804, and average housing values are $274,022.

Newnan, GA


Year Built: 1996
Building Size: 5574sq ft
Lot Size: 5.11 acres


Documents

Offering Memorandum

Map of 1141 Corinth Road, Newnan, GA, 30263

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