For Sale
$899,000

16202 National PikeHagerstown, MD 21740

Turn-key Assisted Living, 9 Beds

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 1,616 square foot assisted living facility in Hagerstown, Maryland, presents a unique investment opportunity. Situated on a peaceful 3.35-acre lot, this fully upgraded property boasts modern, energy-efficient systems and resident-centric amenities. Recent capital improvements exceeding $700,000 include a new 400-amp electrical system, updated plumbing, a state-of-the-art HVAC system with central A/C, heating, and steam humidity control, and a newly approved $70,000 septic system. The facility features circadian lighting (excluding kitchen and bathrooms) for resident well-being, custom trim work, radiant bathroom heating, insulated flooring, and ADA-compliant design with widened halls, doors, and accessible bathrooms. All nine bedrooms include closets, and pre-installed plates allow for future heated floor upgrades. The exterior boasts low-maintenance, fully wrapped and painted trim. Approved for up to 9 residents, the property offers significant expansion potential with approved space for future development alongside the building. A basement with framed spaces for three offices provides flexibility for administrative use or service expansion. Only kitchen completion is needed for immediate operation. This low-maintenance property, built in 1970, is designed for operational efficiency, regulatory compliance, and long-term growth, making it an ideal investment for the senior living market or similar uses. The property is located at 16202 National Pike, Hagerstown, MD 21740.

Highlights

  • $899,000 asking price for this 1,616 SF senior living facility.
  • Located at 16202 National Pike, Hagerstown, MD 21740.
  • Nine-bed facility built in 1970, offering significant upside potential.
  • Recently underwent $700,000 in capital improvements, including new electrical, plumbing, HVAC, and septic systems.
  • ADA-compliant design with widened hallways and accessible bathrooms.

Property Details for 16202 National Pike

Property type
Retirement homes
Square Feet
1,616 SF
Year Built
1970

Location Insight

City
Hagerstown
County
Washington
State
Maryland
Latitude
39.6521165
Longitude
-77.8094713
16202 National Pike, Hagerstown, Maryland

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16202 National Pike
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