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1141 Corinth Rd Newnan, GA 30263

For Sale
$1,900,000

GA Senior Living Investment: High NOI

Property size:
5,574 SF

Description

Added:
Dec 11, 2024
Days on Market:
370
This exceptional 15-unit personal care home in Newnan, Georgia, presents a compelling investment opportunity. The property boasts 5,574 square feet on a 5.11-acre lot, built in 1996 and currently operating at 90% occupancy. The stabilized investment features a strong NOI of $230,000, translating to a 12.11% cap rate and a price per unit of $126,667. The asking price is $1,900,000, with a price per square foot of $340.87. The property is fully furnished and zoned RC, allowing for potential expansion. Located in a high-demand area, the property benefits from significant unmet demand for assisted living units, projected to increase substantially by 2026. The surrounding demographics showcase high average household income, net worth, and home values, supporting the property's strong financial performance. This is a rare opportunity to acquire a well-established, high-performing senior living facility with significant growth potential in a thriving market. The property includes both the real estate and the established business. The single-story building offers 15 licensed units. Market analysis indicates a substantial unmet need for assisted living in the area, with projections showing a 275% increase in demand by 2026. The average rent for assisted living within a 10-mile radius is $5,124.

Property Features for 1141 Corinth Rd

General Information

Property type
Retirement homes
Square Feet
5,574 SF
Lot Size
222,592 SF

Building Details

Year Built
1996
Stories
1
Units
15

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Corinth Road Personal ... Assisted Living Facility

Suggested Use

Restaurant Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Kitchen & Bath HVAC Service Furniture Store Electrical Service

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

Location Insight

  • Map
  • Local Demand
City
Newnan
County
Coweta
State
Georgia
Longitude
-84.8082313
Latitude
33.3297801

FAQs

What type of property is this?
Retirement home - GA Senior Living Investment: High NOI
Where is this retirement home located?
The property is located at 1141 Corinth Rd Newnan, GA.
What is the asking price?
The asking price for this property is $1,900,000.
More about this property
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