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
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:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.