For Sale
$3,800,000

4187 Solomons Island RdHarwood, MD 20776

15-Bed Assisted Living Facility, 3.27 Acres

Overview

Added:
Feb 3
Days on market:
63
This exceptional 7,458 sq ft assisted living facility in Harwood, MD, presents a unique investment opportunity. Established in 1986, it's a licensed Level 3 High Level of Care provider—the highest level in Maryland—allowing residents to age in place and includes hospice services. The 15-bed facility features nine private rooms and three semi-private rooms, all conveniently located on the main floor for easy access. The lower level offers ample storage and potential for additional rental income. Situated on 3.27 acres, the property boasts a sprawling lawn, mature trees, and ample surface parking. Amenities include a hair salon, game room, outdoor decks, TV room, and a main-level kitchen. The property's prime location offers a tranquil country setting while remaining minutes from Annapolis and other Anne Arundel County areas. The facility enjoys consistently low vacancy rates due to its excellent reputation and personalized care. Significant value-add opportunities exist, including potential for higher room rates and increased net operating income through further upgrades. This turnkey operation offers a rare chance to acquire a thriving business and desirable real estate, providing essential services to a growing senior population. The current owner has made numerous upgrades since 2011.

Property Details for 4187 Solomons Island Rd

Property type
Square Feet
7,458 SF
Year Built
1976
Lot Size (sq. ft)
142,441 SF

Location Insight

City
Harwood
County
Anne Arundel
State
Maryland
Latitude
38.87652
Longitude
-76.60609
4187 Solomons Island Rd, Harwood, Maryland

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4187 Solomons Island Rd
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