Property summary
This exceptional 15,465 square-foot former assisted living and memory care facility presents a remarkable investment opportunity in the heart of Virginia's Shenandoah Valley. Located at 257 Toll House Rd, Maurertown, VA 22644, this property sits on a picturesque 3.42-acre lot (three parcels combined) along historic US Route 11, offering convenient access to Interstate 81 and 66. Built in 1980, the facility boasts 29 bedrooms—19 for assisted living and 10 for memory care—with a capacity for up to 52 residents. The property is zoned R2 (Medium-Density Residential) and includes all furniture, furnishings, and equipment. Priced at $1,190,000 (significantly below tax assessment, at $77 per square foot), this represents a compelling value proposition for investors and operators seeking to enter or expand within the senior living and healthcare sectors. Public utilities are available, and the property is ready for immediate occupancy. Its proximity to Winchester, Front Royal, and Woodstock, along with convenient access to healthcare centers, shopping, and recreational amenities, ensures a desirable location for residents and their families. This is a turnkey opportunity to acquire a well-established facility in a highly sought-after area. The APN is 034 A 055, 034 A 086, 034 A 087.
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Tax year 2024Property description
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