1750 Bridge St Philadelphia, PA 19124
- Retirement homes
- 5,000 SF
Current Use by Public Records
- Richardson Group Senior Citizen / Assisted Living Facility / Senior Citizen Center
Property Details for 1750 Bridge St
- Property size
- 5,000 SF
- Property type
- Retirement homes
Description
This exceptional investment opportunity presents a fully operational, 20-bed personal care home in Philadelphia, PA. The property boasts two buildings totaling 5,000-5,500 square feet, meticulously maintained and operated for over two decades. Building one, a three-story structure at 1750 Bridge St, features three bedrooms, a kitchen, dining room, office, two full bathrooms, and an unfinished basement. Building two, at 1754 Bridge St, is a two-story building with eight rooms, four full bathrooms, a commercial kitchen, dining area, office, half bathroom, and reception area on the lower level, plus five additional bedrooms and two bathrooms upstairs. Currently operating at 100% occupancy (as of September 4, 2024), this facility generates a substantial pro-forma NOI of $171,652, representing a 20.81% pro-forma cap rate. The property is zoned RAS-5 with a Y50 Use designation, permitting health and personal care facilities. Other potential uses, subject to variance, include daycare, residential apartments, drug rehabilitation, and institutional uses. The asking price is $824,900, representing a below-market value for a turnkey operation with a proven track record and significant upside potential. All necessary licenses are in good standing, and financial and licensing documents are available upon request to pre-qualified investors. A non-disclosure agreement is required. This is a rare opportunity to acquire a highly profitable, established business with a consistent waiting list.
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
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.074276540537
- Latitude
- 40.020380528944
