Senior Housing Opportunity in Savannah, GA | 36-Units

8510 Whitefield Avenue Savannah, GA 31406

8510 Whitefield Avenue, Savannah, GA, 31406
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FOR SALE
Property Type:
Subsidized Housing
Amount:
$12,500,000
Last Verified:
Sep 26, 2024

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Highlights

  • 100% Memory Care occupancy with waiting list
  • 36-unit licensed Assisted Living Community
  • ± 25,865 SF Memory Care Facility on ± 2.98 acres
  • ± 2,100 SF owner’s apartment with full bath
  • ± 2.78 optional acres available for expansion
  • $1,123,883 average Net Worth ages 75+ within 5 mile radius
  • Gross Revenue: $2,168,651.29
  • Net Operating Income: Over $1 million

Description

The Senior Housing Group at Bull Realty is pleased to offer this 100% occupied, ± 25,865 SF licensed assisted living community, with waiting list, in Savannah, GA. Comprised of 36 units, the property is equipped with private bathrooms in each unit, a large visitor welcome area, dining hall, beauty salon, commercial grade kitchen, dining hall and multiple indoor and outdoor shared living spaces.

Offering includes Real Estate, Spanish Oaks Retreat Memory Care business, and optional additional vacant lots totaling ± 2.78 acres. The facility is a licensed as an Assisted Living Community.

Savannah, a coastal Georgia city, is separated from South Carolina by the Savannah River. It is known for manicured parks, horse-drawn carriages and antebellum architecture and abundant dining and entertainment options.

Do not disturb tenants or management. Do not visit the site without an appointment through Bull Realty.

Savannah, GA


Year Built: 1997
Building Size: 25865sq ft
Lot Size: 2.98 acres


Documents

Offering Memorandum

Map of 8510 Whitefield Avenue, Savannah, GA, 31406

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