Prime Healthcare Facility for Sale
Introducing a remarkable investment opportunity with a 164-bed healthcare facility and a turnkey medical office building situated on expansive development land. The property encompasses approximately 114,000 square feet and is bordered by a generous 6.78 acres. This unique offering is located in a burgeoning area that has become increasingly desirable for both healthcare services and residential development.
Details of the Property
This healthcare complex, built in 1997, was previously a licensed assisted living facility, accommodating 164 beds with various amenities designed for resident comfort and wellness. It includes a commercial kitchen, individual room kitchenettes, community spaces like a coffee bar and library, making it ideal as a senior living facility or for other medical practices. The adjacent medical office spans 3,500 square feet and is ready for a single tenant with specialized needs.
Potential Uses for the Property
With the existing C-2 zoning, the new owner has flexibility in future development. Options range from reopening the facility as a senior living community to adapting it for other healthcare services—such as rehabilitation clinics or sober living facilities. The strategic location promises to leverage the significant demographic shifts occurring in the area.
Growth in the Surrounding Area
The demand for healthcare facilities is growing notably in the greater Dallas-McKinney area due to an aging population. In fact, estimates show that population growth in this region is largely fueled by those moving from other parts of the country seeking warmer climates and better living conditions. As a result, the appearance of new healthcare services becomes crucial to meet the upcoming need for senior care and other medical services.
A Focus on Community Development
The additional 4.7 acres of undeveloped land adjacent to the healthcare facility presents investors with exciting developmental possibilities. From expanding current offerings to building multifamily units or commercial spaces, this prime location is positioned for economic growth. Nearby educational institutions, including Princeton High School and Lovelady High School, enhance the potential value of this property.
Strategic Location
Located just 40 miles north of the Dallas-Fort Worth metropolitan area, which has become one of the most populous regions in the U.S., this property offers a brilliant opportunity for growth. The expansion of services in this area aligns perfectly with ongoing population trends, making it an attractive investment for those looking to enter the healthcare market.
Expert Insights
Leading voices in real estate emphasize the importance of this property’s potential. Daniel Miggins, vice president of Hilco Real Estate Sales, mentions the flexible options available to potential investors. The comprehensive nature of this facility paired with a growing urban landscape makes this an attractive proposition.
Bidding Process and Timeline
For investors interested in this property, the deadline for submission of bids is approaching. All bids must be received by the specified date and submitted using the required documentation. It’s advisable for interested parties to review the detailed terms of sale to ensure compliance with all necessary application processes.
Contact Information for Inquiries
For any questions regarding the sale or for further information, potential buyers can reach out to Michael Kneifel at (847) 201-2322 or email him. Jordan Schack is also available at (847) 504-3297. The team at Hilco Real Estate Sales is prepared to assist you in navigating this exceptional opportunity.
Frequently Asked Questions
What is the size of the healthcare facility?
The healthcare facility spans approximately 111,559 square feet and has a capacity of 164 beds.
What kinds of services can be offered at this facility?
It can be repurposed for senior living, memory care, rehabilitation clinics, or other medical services.
Where is the property located?
The facility is situated near key educational institutions and major thoroughfares, optimal for community integration.
Are there any development opportunities?
Yes, there is an adjacent undeveloped lot of 4.7 acres that can be developed for residential or retail purposes.
Who should I contact for more information?
You can contact Michael Kneifel or Jordan Schack at Hilco Real Estate Sales for any inquiries.
