Senior Housing Assisted Living
41 E Bel Air Ave Aberdeen, MD 21001
For Sale
$1,500,000
Assisted living facility with recent elevator and roof replacements, plus expansion plans for eight additional beds.
Days on Market29
Property Features for 41 E Bel Air Ave
General Information
- Standard status
- Active
- Property subtype
- Assisted Living Care
Building Details
- Year Built
- 1895
Listing Agency:
Washington, D.C. Office
(202) 536-3765
Listed By:
Isaiah Hazward · License #License(s): MD: 660573, DC: SP200200750
(202) 536-3765
Source:
Marcusmillichap
Added: Jun 28
Changed: Jul 10
Last Checked: Jul 26 at 2:59AM
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 Washington, D.C. Office
Investment Insights
Based on property information with market context.
The property is a senior housing assisted living facility offering private-pay senior housing as part of its operating revenue profile. The building has undergone substantial recent capital improvements, including a new elevator installed in 2022 and a complete roof replacement in 2023, reducing near-term maintenance obligations. The facility is positioned to add capacity through previously approved plans and permits, with the ability to add eight additional beds.
The offering is presented as a healthcare real estate investment opportunity. Based on the information provided, approximately 80 percent of the facility’s revenue is generated through private pay residents, which the remarks describe as helping insulate the asset from government reimbursement fluctuations.
For investors or operators seeking a healthcare-focused asset with documented capital refreshes, this facility provides an established senior housing platform and a clearly identified path to increase capacity. The previously approved expansion plans would add eight beds, with an estimated expansion cost of approximately $400,000, offering a basis for evaluating growth through improved unit count while maintaining the benefit of the recent elevator and roof improvements.
The offering is presented as a healthcare real estate investment opportunity. Based on the information provided, approximately 80 percent of the facility’s revenue is generated through private pay residents, which the remarks describe as helping insulate the asset from government reimbursement fluctuations.
For investors or operators seeking a healthcare-focused asset with documented capital refreshes, this facility provides an established senior housing platform and a clearly identified path to increase capacity. The previously approved expansion plans would add eight beds, with an estimated expansion cost of approximately $400,000, offering a basis for evaluating growth through improved unit count while maintaining the benefit of the recent elevator and roof improvements.
Key Highlights
- Senior housing/assisted living facility built in 1895
- Approximately 80% of revenue from private pay residents
- New elevator installed in 2022
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Liv-N-Well Asst Living
Medical Clinic
Similar Off Market Nearby
- Senior Life Styles — Aberdeen, MD 21001
- Dacota Assisted Living — 468 W Bel Air Ave, Aberdeen, MD 21001
- Four Seasons Assisted Living — 52 e b, bel air, md 21014
FAQs
What type of property is this?
Assisted living facility - Assisted living facility with recent elevator and roof replacements, plus expansion plans for eight additional beds.
Where is this assisted living facility located?
The property is located at 41 E Bel Air Ave Aberdeen, MD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Senior housing/assisted living facility built in 1895; Approximately 80% of revenue from private pay residents; New elevator installed in 2022
