Investment Opportunities in Senior Living Development and Residential Land
AW Properties Global, in collaboration with its auction division AuctionWorks, has opened up exciting opportunities for investment with the announcement of two distinct properties available for sale through Chapter 11 bankruptcy proceedings. These properties are ideally suited for a variety of development projects, presenting potential buyers with unique prospects in a fast-growing market.
Senior Living Development Site Overview
The first property is a strategically located 5.86-acre parcel on Dino Drive, perfect for developing a senior living community that addresses the increasing demand for such facilities. The zoning allows for approximately 176 housing units and is inclusive of diverse care options: independent living, assisted living, and memory care, catering to different needs of seniors.
Unit Breakdown and Zoning
This exciting development opportunity includes:
- Independent Living: 92 units with 119 beds
- Assisted Living: 60 units with 64 beds
- Memory Care: 24 units with 27 beds
- Zoning Classification: R-200 or TDR
- Entitlements: Assumed approved for development
Given the rising need for senior accommodations, this parcel serves as a commendable investment opportunity for developers anxious to explore the potential of this flourishing segment of real estate.
Residential Land for Development: Key Features
The second property under auction is an 11.14-acre residential land parcel located along Old Columbia Pike. This site is perfect for new single-family home developments, making it an attractive option for builders looking to expand in a culturally rich and established neighborhood.
Residential Zoning Regulations
Key details regarding this property include:
- Zoning: RC letting a minimum of 5 acres for parcels
With its prime location, this land is not only scenic but also positioned in a desirable area that promises a vibrant community for new families.
Procedures for Bidding on Properties
The auction process for both properties is being governed by U.S. Bankruptcy Court regulations. All bids must be received by the stated deadline, which is set for November 26, 2024, by 5:00 PM (CT). The purchase and sale agreements are available on the AW Properties Global website to facilitate a transparent bidding process.
Contact and Additional Information
Potential buyers are encouraged to review the bidding requirements and the procedures on the official website of AW Properties Global. Should you have any inquiries or require further information, please contact Diana Peterson at 312-218-6102 or via email.
About AW Properties Global
AW Properties Global specializes in offering comprehensive real estate consulting and auction services. Based out of Northbrook, IL, the organization comprises a robust team of professionals adept at real estate and investment sales. Their experience lends itself to providing clients tailored solutions, enhancing property values while streamlining sales processes.
Frequently Asked Questions
What types of developments are being proposed for these properties?
The properties are available for senior living developments and residential housing projects, catering to growing community needs.
What is the deadline for bidding on these properties?
Bids for both properties must be submitted by November 26, 2024, at 5:00 PM (CT).
Where can I find more information on the properties?
Further details and bidding requirements can be found on the AW Properties Global website.
Who can I contact for more information about the sale?
Diana Peterson, CEO of AW Properties Global, can be reached at 312-218-6102 or via email.
Is there a minimum bid required for the properties?
The details regarding minimum bids will be outlined in the Purchase and Sale Agreement available on the AW Properties Global website.
