1505 Adams St Lexington, NE 68850

This exceptional 19,848 square foot senior living facility, situated on a 6.37-acre lot in Lexington, Nebraska, presents a compelling value-add investment opportunity. Built in 1964, the single-story building is currently zoned for commercial use, offering significant flexibility for future development. The property, formerly known as Plum Creek Care Center, closed in 2022, and is now available for purchase at $2,400,000, translating to $120.92 per square foot. With 66 beds, the existing configuration provides a solid foundation for a variety of uses, while the expansive lot size allows for potential expansion or redevelopment. Its advantageous location next to schools adds to its appeal. The property's designation as an Opportunity Zone further enhances its investment potential, offering significant tax advantages. This property is ideally suited for an owner/user seeking a substantial asset in a growing community, or an investor looking to capitalize on the unique benefits of an Opportunity Zone designation and the potential for adaptive reuse. The property's existing infrastructure and ample space provide a strong base for a variety of commercial ventures. Serious inquiries are encouraged.