22 Madras Pkwy Newnan, GA 30263
- Retirement homes
- 8,878 SF
- 2.68 lot acres
Current Use by Public Records
- Retirement homes
Property Details for 22 Madras Pkwy
- Year built
- 2009
- Lot size
- 2.68 lot acres
- Property size
- 8,878 SF
- Property type
- Retirement homes
- Property subtype
- Healthcare properties
Description
This exceptional 8,878 square foot senior living facility, located at 22 Madras Pkwy in Newnan, Georgia (zip code 30263), presents a compelling value-add investment opportunity. Built in 2009 on a 2.68-acre lot, this single-building property currently sits vacant and offers 12 units, each designed for double occupancy, totaling 24 beds. The property boasts fully functional medical areas, including a medication room, medical waste room, and nurses' workroom, making it ideally suited for various senior housing or medical uses. Existing amenities include a reception area, conference room, chapel, full kitchen, and laundry room. The R-C (Rural Conservation) zoning allows for flexibility, though some uses may require additional zoning approvals. The property's potential is further enhanced by the strong local demographics, with an average household income for residents 55+ exceeding $78,369 and average home values at $252,284. Detailed market and demographic reports, along with a 2017 appraisal, are available upon request. This is a rare chance to acquire a well-maintained, vacant facility in a desirable location, ready for immediate occupancy and poised for significant return on investment. The asking price is $2,650,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newnan
- County
- Coweta
- State
- Georgia
- Longitude
- -84.7551
- Latitude
- 33.4331
