22 Madras PkwyNewnan, GA 30263

Property Details for 22 Madras Pkwy

Year built

2009

Lot size

2.68 AC

Property size (Sq ft)

8,878 SF

Property type

Residential income properties

Property subtype

Retirement homes

Description

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.

Location Insight

City

Newnan

County

Coweta

State

Georgia

Latitude

33.4331

Longitude

-84.7551

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].