Property summary
This 16,500-square-foot, two-story assisted living facility in Bethel Park, Pennsylvania, presents a unique redevelopment opportunity. Built in 1980, the property features 19 units with a total of 38 beds, including a dedicated memory care wing. The existing layout includes 22 rooms easily adaptable for double occupancy, a lower-level hair salon, and ample community spaces. Situated on a spacious lot with a large, flat backyard ideal for community activities and a secured entry courtyard, the property boasts a peaceful setting with a wooded hillside. Its location across from public transit provides convenient access to various South Hills communities, downtown Pittsburgh, and the North Shore. The property is zoned for nursing/private care and offers potential for redevelopment into various uses, including VA housing, VA assisted living, multifamily housing, or short-term housing, subject to Bethel Park's approval. The 17 main-level rooms could be configured as efficiency apartments, with the exception of the upper-level units which have a "Jack and Jill" bathroom setup. The asking price is $1,000,000, translating to $60.61 per square foot. This property is an excellent investment for an entrepreneur seeking to enter the personal care business or for a developer looking for a prime redevelopment site. The seller is open to various financing options, including lease, lease-to-own, or owner financing to facilitate a smooth transition.
Property profile
VerifiedCap rate & NOI
Current use
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Adult Day Care
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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