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4187 Solomons Island Road Harwood, MD 20776

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For Sale
$3,800,000

15-bed assisted living facility on 3.27 acres in Harwood, MD.

Type:HC
Lot size:
3.27 Acres
Added:
Mar 19, 2024
Days on Market:
751
Last Refresh:
Apr 3 at 5:03 am

Property Features for 4187 Solomons Island Road

General Information

Standard status
Active
Lot size
3.27 Acres
Property subtype
HC

Building Details

Year Built
1976

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Listing Contact
Hedy L. Nelson, Esq.

Listing agent Hedy L. Nelson, Esq. License #Maryland License #17714

Listing office Keller Williams Select Realtors

Listing date Mar 19, 2024

Source Realnex

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Select Realtors


Overview

Established Assisted Living Facility For Sale

Country Home Assisted Living is available for sale, including both the real estate and the business. Established in 1986, this 15-bed assisted living facility provides a home-like setting for residents, featuring nine private rooms and six beds in three semi-private rooms. The facility has a license to provide Level 3 High Level of Care, the highest level available to assisted living facilities in Maryland, allowing residents to age in place and offering hospice services. Located on 3.27 acres with a sprawling lawn and mature trees, the property includes easy surface parking and all resident rooms on the main floor. The lower level offers storage space and additional rental possibilities. Amenities include a hair salon, game room, outdoor decks, TV room, and a main-level kitchen. The facility is located in Harwood, surrounded by rolling hills, farms, vineyards, and stately single-family homes, and is just minutes from Annapolis, Edgewater, Davidsonville, and other Anne Arundel County locations. The interiors, furnishings, and setting create a warm and comfortable environment, fostering a sense of community and well-being. The facility has a reputation for excellence in senior care and consistently low vacancy rates. The current owner has operated the facility since 2011 and has made many upgrades. Significant value-add opportunities exist, such as increasing rates for below-market rooms, instituting regular rate increases, charging for auxiliary services, sourcing economical suppliers, optimizing payroll, charging a community fee, and leasing the lower level. Further upgrades could yield higher room rates and additional net operating income increases. This turnkey operation offers the potential for significant returns and the satisfaction of providing essential services to an aging population.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Country Home Ltd Nursing Home

Suggested Use

Real Estate Agency Gym & Fitness Center Veterinary Clinic Nursing Home Nursing Home

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

Location Insight

  • Map
  • Local Demand
City
Harwood
County
Anne Arundel
State
Maryland
Longitude
-76.6060972
Latitude
38.8765658

FAQs

What type of property is this?
Assisted living facility - 15-bed assisted living facility on 3.27 acres in Harwood, MD.
Where is this assisted living facility located?
The property is located at 4187 Solomons Island Road Harwood, MD.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Turnkey operation including real estate and business, presenting a rare investment opportunity.; Licensed for Level 3 High Level of Care, the highest level in Maryland, allowing residents to age in place and offering hospice services.; Significant value‑add opportunities through rate adjustments, auxiliary service charges, expense optimization, and potential lower level rental.
More about this property
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