For Sale
$2,650,000

22 Madras PkwyNewnan, GA 30263

12-Unit, 8,878 SF, Value-Add Opportunity

Overview

Added:
Feb 13
Days on market:
51
This exceptional 8,878 square foot senior living facility, located at 22 Madras Pkwy in Newnan, Georgia (zip code 30263), presents a compelling value-add investment opportunity. Built in 2009 on a 2.68-acre lot, this single-building property currently sits vacant and offers 12 units, each designed for double occupancy, totaling 24 beds. The property boasts fully functional medical areas, including a medication room, medical waste room, and nurses' workroom, making it ideally suited for various senior housing or medical uses. Existing amenities include a reception area, conference room, chapel, full kitchen, and laundry room. The R-C (Rural Conservation) zoning allows for flexibility, though some uses may require additional zoning approvals. The property's potential is further enhanced by the strong local demographics, with an average household income for residents 55+ exceeding $78,369 and average home values at $252,284. Detailed market and demographic reports, along with a 2017 appraisal, are available upon request. This is a rare chance to acquire a well-maintained, vacant facility in a desirable location, ready for immediate occupancy and poised for significant return on investment. The asking price is $2,650,000.

Highlights

  • $2,650,000 asking price for a value-add investment opportunity.
  • 8,878 square foot, 12-unit senior living facility in Newnan, GA.
  • Currently vacant and ready for immediate occupancy.
  • Features fully functioning medical areas, including a medication room, medical waste room, and nurses' workroom.
  • Built in 2009, with 24 beds (12 units suitable for double occupancy).

Property Details for 22 Madras Pkwy

Property type
Retirement homes, Healthcare properties
Square Feet
8,878 SF
Year Built
2009
Buildings
1
Lot Size (sq. ft)
116,741 SF
Units
12

Location Insight

City
Newnan
County
Coweta
State
Georgia
Latitude
33.433112974701
Longitude
-84.755140198088
22 Madras Pkwy, Newnan, Georgia

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22 Madras Pkwy
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