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    361 Leonard Rd Louisburg, NC 27549

    Sponsored
    For Sale
    $1,500,000

    64-bed facility, 4 acres, vacant.

    Property size:
    18,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity presents a 64-bed senior living facility situated on a spacious 4.06-acre lot in Louisburg, North Carolina. The property, located at 361 Leonard Rd, boasts 18,040 square feet of space within a single-story, 1973-built building. Currently vacant, this Class C property is zoned for commercial use and offers significant potential for a new operator. The facility features 32 resident rooms, each designed to accommodate two residents, and includes three distinct wings, each equipped with a common area, bathing facilities, and an office. A fully functional commercial kitchen and two dining spaces are also included. The property is licensed for 64 beds until the end of 2024. A substantial amount of supplies remains on-site, providing a head start for the next operator. The property's beautiful country setting offers ample room for expansion, such as adding an outdoor garden or seating area for residents. Conveniently located just 13 minutes from downtown Louisburg and 35 minutes from Wake Forest, NC, this property presents a unique opportunity to capitalize on the growing demand for senior care in Franklin County, which currently refers residents outside the county. The asking price is $1,500,000. The property's APN is 012720.

    Property Features for 361 Leonard Rd

    General Information

    Property type
    Retirement homes
    Square Feet
    18,040 SF
    Class
    C
    Lot Size
    176,854 SF

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    1
    Units
    32

    HighLights

    • Dual dining areas and a fully equipped commercial kitchen.
    • Licensed for 64 beds/32 rooms through 2024.
    • Three‑wing layout, each with a shared common area, bath facilities, and office.
    • Ample on‑site supplies included for the next owner.
    • Rural setting.
    • Potential for outdoor garden or resident seating area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisburg
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.1604271
    Latitude
    36.1569989

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    FAQs

    What type of property is this?
    Retirement home - 64-bed facility, 4 acres, vacant.
    Where is this retirement home located?
    The property is located at 361 Leonard Rd Louisburg, NC.
    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: Dual dining areas and a fully equipped commercial kitchen.; Licensed for 64 beds/32 rooms through 2024.; Three-wing layout, each with a shared common area, bath facilities, and office.
    Request Owner's contact information
    361 Leonard Rd Louisburg, NC 27549
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    Louisburg, NC 27549
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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
    361 Leonard Rd Louisburg, NC 27549
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