16202 National PikeHagerstown, MD 21740

Property Details for 16202 National Pike

Year built

1970

Lot size

2.82 AC

Property size (Sq ft)

2,178 SF

Property type

Other commercial real estate

Description

This exceptional assisted living facility in Hagerstown, MD, presents a unique investment opportunity. The property, located at 16202 National Pike, boasts 2,178 square feet of meticulously upgraded space situated on a serene 2.82-acre lot. Recently undergoing significant capital improvements totaling approximately $700,000, the facility is fully operational and ready for immediate occupancy. These upgrades encompass a complete overhaul of the electrical system, now featuring a robust 400-amp service, as well as a comprehensive update to the plumbing infrastructure. A brand-new HVAC system, including central air conditioning, heating, and steam humidity control, ensures optimal comfort and efficiency. The property also features a newly approved septic system valued at $70,000, eliminating potential future expenses. Currently licensed to accommodate up to nine residents via special exception, this facility offers a comfortable and modern environment tailored to high-quality senior care. Its convenient location near essential services and major highways adds to its appeal. This is a rare chance to acquire a fully operational, high-return assisted living facility with minimal upfront investment needed. The property is priced at $899,000.

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6521

Longitude

-77.8095

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