1750 Bridge St Philadelphia, PA 19124
Property profile & analytics
1750 Bridge St Philadelphia, PA 19124
- Senior Housing / Retirement Homes
Property ID
US73-5825728
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Location Intelligence
Current Use by Public Records
- Richardson Group Senior Citizen / Community Center
Property Details for 1750 Bridge St
- Property type
- Senior Housing / Retirement Homes
- Property subtype
- Commercial real estate
Description
This is a rare opportunity to acquire a Turn-Key 20-bed Personal Care Home that is fully certified and in good standing with licensing authorities. The facility enjoys a consistent waiting list, demonstrating strong community demand and long-term operational stability. The owner is retiring and, since COVID, has opted not to operate at full capacity — resulting in below-optimum ROI and presenting a significant upside opportunity for the next operator. Currently, 15 residents occupy the facility, most receiving SSI assistance and paying an average rate of approximately $1,640 per month at the lowest tier. A new owner can substantially increase GUARANTEED GOV'T INCOME by expanding to higher-paying programs. For instance, the Veterans Administration pays $3,500+ per month for non-medical skilled housing. Skilled nursing programs and other specialized care providers pay considerably more for qualified facilities. The properties consist of two adjacent, well-maintained buildings: • 1750 Bridge Street. A three-story detached facility featuring 3 bedrooms, a kitchen, dining room, office, 2 full bathrooms, and a partially finished basement. • 1754 Bridge Street. A two-story facility with 8 rooms, 4 full bathrooms, a commercial kitchen, laundry area, dining area, office, half bathroom, additional storage, and reception area on the lower level. The second floor mirrors the layout with 5 bedrooms and 2 full bathrooms. Zoning & Potential Uses: Zoning: RSA-5 Permitted Use (Y50): Health or Personal Care Facility. Other potential uses via variance: Daycare, Residential Apartments, Drug Rehabilitation, or Institutional Facility. This property has been meticulously owned and operated by the same owner for over 20 years, ensuring a clean, compliant, and well-maintained environment. This listing is for the real estate only. If the investor wants to include the existing SSI occupant's business goodwill, the Asking Price is $779,000. Salient financial and licensing documents are available to serious, pre-qualified investors upon execution of a Non-Disclosure Agreement (NDA).
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.07422
- Latitude
- 40.020252
