Drug and Alcohol Rehabilitation Facility

Special Purpose for Sale
Catylist Listing ID: 30872232
Property Subtypes: Health Care/Medical
Building Size (RSF): 15,990 SF
Gross Building Area: 19,206 SF
Gross Land Area: 2.43 Acres
Sale Price: $8,000,000
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 9.0%
Last Updated: 10/4/2024

Overview / Comments

CONTACT AGENT FOR DETAILS

56 bed drug and alcohol rehab facility can be sold as a sale / leaseback or sale of real estate. Landmark Recovery is an experienced operator with a proven track record of success. Offers comprehensive drug and alcohol rehab services.
Prime location in Louisville. Building completely renovated.
Construction: 2 story - Brick
Age: Built in 1950 – Completely renovated in 2021- 2023
SF: 15,990 +- sf plus a 3,216 +- sf structure that can be renovated.
Acreage: 2.42 +- acres –
Occupancy: 100%
There are 2 apartment buildings located on the property on a long term ground lease
Elevator: Yes
Zoning: C-1, OR-3, R-4 and R-7, Suburban Marketplace Corridor
County: Jefferson
Parcel ID: 0651-0449-0000
Beds: 56
Kitchen: Commercial with hood and Ansul system
FF&E: Negotiable
Sale/Leaseback: 9% cap—Investment Opportunity

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 065104490000
Zoning: OTHER
Property Located Between: Trio Ave. and Bluelick Road
Largest Nearby Street: Outer Loop
Traffic/Vehicle Count: 21,344
Highway Access: I-65
Airports: Louisville International Airport
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 7,995 SF
Property Condition: Excellent
Year Built: 1950
Year Renovated: 2021
Construction/Siding: Brick
Parking Type: Surface
Passenger Elevators: 1
Sprinklers: Wet
Zoning Description: C-1, R-4, R-7 and OR-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,462 80,210 195,729
Median Age: 38.34 35.59 36.9
Households: 7,108 31,531 78,982
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions.