Property summary
This 98,000-square-foot assisted living facility in Mineola, Texas, offers 106 units (112 beds) with a 70% occupancy rate. Built in 2013 and renovated in 2019, the single-story building sits on a 25.72-acre lot, including approximately 15 acres of adjacent developable land. The property features 82 assisted living units and 24 independent living units, and includes 67 parking spaces. Currently operating at 70% occupancy, this facility presents a significant opportunity for operational improvements and increased profitability. Located in a rapidly growing market, just 85 miles east of Dallas and 25 miles northwest of Tyler, this property benefits from strong demand in the senior living sector. The property is zoned MF-24 and is being sold as part of a bankruptcy proceeding (U.S. Bankruptcy Court Eastern District of Texas (Tyler), Petition No. 24-60336, In re: CMM Mineola, LLC). The property is a fully staffed, turnkey operation, licensed for 90 beds, offering immediate income generation and significant upside potential through operational efficiencies, expanded services, and increased bed count. The adjacent developable land provides further expansion opportunities. This is a rare opportunity to acquire a well-established assisted living facility in a high-growth area. The sale is subject to court approval and specific terms outlined in the bankruptcy proceedings.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Party Supply Store (Bike/Boat/Book/etc) Store
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Big Box & Wholesale Store
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Hat Shop
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(Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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