2500 Briggs Chaney Rd Silver Spring, MD 20905

Property Details for 2500 Briggs Chaney Rd

Year built

1969

Lot size

0.96 lot acres

Property size

6,174 SF

Property type

Retirement homes

Property subtype

Assisted living facilities

Description

This exceptional owner-user opportunity presents a thriving senior living facility in Silver Spring, Maryland. The property, located at 2500 Briggs Chaney Rd, encompasses a 6,174 square foot, two-level brick rancher with a walk-out basement. Built in 1969, the facility boasts eight beds, five full baths, and one half bath, currently housing female residents with monthly rates ranging from $3,500 to $4,500 per bed (higher rates for male residents). The asking price is $1,200,000, with $950,000 allocated to the real estate (including land and improvements) and $250,000 for the established business, including all furniture, fixtures, and equipment. Recent upgrades include a new air conditioning system, a six-year-old water heater, a five-year-old roof, and six-year-old windows. A sprinkler system is also in place. The property features an oversized detached two-car garage with loft space, offering potential for expansion. Situated on a nearly one-acre lot with a circular driveway accommodating ten cars, the property also includes a large fenced backyard. The location is highly convenient, minutes from major thoroughfares including the ICC, Route 29, I-95, 198, and 650. The facility has a history of success, operating since 1999, and receives residents through placement agencies and county referrals. The nearly one-acre lot provides ample space for potential expansion to accommodate additional residents (verification with the county is recommended). This is a turnkey operation ideal for an owner-operator seeking a profitable and established business.

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Longitude

-76.95831107

Latitude

39.08685787