For Sale
$1,875,000

2727 Palmyra RdPalmyra, TN 37142

Former nursing home, 72 beds, redevelopment potential.

Overview

Added:
Feb 3
Days on market:
61
This exceptional 22,643 square foot mixed-use property, situated on a 4.77-acre lot at 2727 Palmyra Road in Palmyra, Tennessee, presents a compelling investment opportunity. Previously operating as a certified 72-bed nursing home, the building offers significant potential for redevelopment into various healthcare or residential uses. The property boasts a comprehensive security system including cameras and secured doors, enhancing its appeal for a range of potential uses. The building is equipped with PTAC heating and air conditioning units, ensuring climate control throughout. A backup generator provides peace of mind and operational continuity during power outages. The inclusion of a Smart Link time clock system further streamlines operational management. Given its substantial size, versatile infrastructure, and prime location in Palmyra, Tennessee, this property represents a rare chance to acquire a significant asset with considerable upside potential. The property's existing features, including the security systems and climate control, offer a solid foundation for a variety of redevelopment projects. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price is $1,875,000.

Property Details for 2727 Palmyra Rd

Property type
Mixed-use properties
Square Feet
22,643 SF
Year Built
1954
Lot Size (sq. ft)
207,781 SF

Location Insight

City
Palmyra
County
Montgomery County, TN
State
Tennessee
Latitude
36.43865
Longitude
-87.48783
2727 Palmyra Rd, Palmyra, Tennessee

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2727 Palmyra Rd
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