Vacant 48-Bed Former Personal Care Home Portfolio in Dahlonega, GA

Highlights

• 48-bed personal care home portfolio located in Dahlonega, GA
• Zoning allows Behavioral Care Use by Right
• Situated ± 5.2 acre lot
• Complexes provide ample kitchen space
• Gas backup generator located on complex sites

Description

This offering encompasses a 5-acre campus which includes two facilities, totaling 48 beds. The two facilities are as follows: Northwoods Retirement Home, a 24-bed licensed Personal Care Home facility, and Evergreen Terrace, a 24-bed licensed Personal Care Home facility. Potential Drug Treatment Facility with approved zoning.

Nestled in the foothills of the Blue Ridge Mountains and the Chattahoochee National Forest, Dahlonega offers breathtaking views, tranquil waterfalls and endless entertainment. The location of the first major U.S. Gold Rush and the Heart of Georgia Wine Country, Dahlonega is the perfect destination for retirees seeking an authentic mountain getaway only an hour north of Atlanta. Dahlonega offers the best of both worlds: a peaceful retreat in the mountains as well as proximity to the University of North Georgia. The University of North Georgia, accompanied by its charming Downtown area, which is listed on the Historic Register, are just 12 minutes from the subject property.

Both facilities include a professional kitchen, warm-up kitchen, sprinkler systems, beauty salon, large rooms with private full baths which are also equipped with refrigerators and microwaves as well as a gas-powered generator. According to Caring.com, Seniors in Dahlonega pay an average monthly cost of $4,263 for assisted living, which is a little cheaper than the national average but higher than the state average. The subject property’s rent averages $2,296.94 under the State CCSP program and has a strong cash flow. Combined gross income is $972,998.63.

The total demand for assisted living in the 17-mile primary market area (PMA) is 436 units today, growing to 589 by 2027, an 35.12% increase. There is a total of 375 assisted living units (including the subject property) within the PMA, with 0 units currently under construction. The unmet demand for assisted living units in the Dahlonega PMA totals 61 units, growing to 214 units by 2027, an 252.8 % increase.

This property is located in Dahlonega, GA.

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