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    22 Madras Pkwy Newnan, GA 30263

    Sponsored
    For Sale
    $2,650,000

    12-Unit, 8,878 SF, Value-Add Opportunity

    Property size:
    8,878 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    328
    This exceptional 8,878 square foot senior living facility, located at 22 Madras Pkwy in Newnan, Georgia (zip code 30263), presents a compelling value-add investment opportunity. Built in 2009 on a 2.68-acre lot, this single-building property currently sits vacant and offers 12 units, each designed for double occupancy, totaling 24 beds. The property boasts fully functional medical areas, including a medication room, medical waste room, and nurses' workroom, making it ideally suited for various senior housing or medical uses. Existing amenities include a reception area, conference room, chapel, full kitchen, and laundry room. The R-C (Rural Conservation) zoning allows for flexibility, though some uses may require additional zoning approvals. The property's potential is further enhanced by the strong local demographics, with an average household income for residents 55+ exceeding $78,369 and average home values at $252,284. Detailed market and demographic reports, along with a 2017 appraisal, are available upon request. This is a rare chance to acquire a well-maintained, vacant facility in a desirable location, ready for immediate occupancy and poised for significant return on investment. The asking price is $2,650,000.

    Property Features for 22 Madras Pkwy

    General Information

    Property type
    Retirement homes
    Square Feet
    8,878 SF
    Lot Size
    116,741 SF

    Building Details

    Year Built
    2009
    Buildings
    1
    Units
    12

    HighLights

    • $2,650,000 asking price for a value‑add investment opportunity.
    • 8,878 square foot, 12‑unit senior living facility in Newnan, GA.
    • Currently vacant and ready for immediate occupancy.
    • Features fully functioning medical areas, including a medication room, medical waste room, and nurses' workroom.
    • Built in 2009, with 24 beds (12 units suitable for double occupancy).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Realty agency Restaurant Hair Salon Kitchen & Bath Department Store Bar & Pub Food Market Convenience Store Storage Facility Pawn Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newnan
    County
    Coweta
    State
    Georgia
    Longitude
    -84.755140198088
    Latitude
    33.433112974701

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    FAQs

    What type of property is this?
    Retirement home - 12-Unit, 8,878 SF, Value-Add Opportunity
    Where is this retirement home located?
    The property is located at 22 Madras Pkwy Newnan, GA.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: $2,650,000 asking price for a value-add investment opportunity.; 8,878 square foot, 12-unit senior living facility in Newnan, GA.; Currently vacant and ready for immediate occupancy.
    Request Owner's contact information
    22 Madras Pkwy Newnan, GA 30263
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22 Madras Pkwy Newnan, GA 30263
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