1360 Gordon StDouglas, GA 31533

  • Healthcare properties
  • 30,404 SF
For Sale

Property Details for 1360 Gordon St

Year built
1988
Construction
WOOD
Lot size
3.29 AC
Property size (Sq ft)
30,404 SF
Zone code
DOUG
Property type
Healthcare properties
Property subtype
Assisted living facilities
APN
D001 - -005
APU
D001005

Description

The Landings of Douglas Senior Living presents a compelling value-add investment opportunity in the thriving Douglas, Georgia market. This single-story, 23,519-square-foot assisted living and memory care facility, built in 1988 and renovated in 1993, sits on a spacious 3.19-acre lot at 1360 W Gordon St, Douglas, GA 31533. The property currently operates with 52 units and a total of 58 beds, providing substantial capacity for residents. The facility is being offered in a distressed sale condition as a reserve auction. Located in Coffee County, this established senior living community benefits from its existing occupancy and licensing. The property's size and existing infrastructure offer significant potential for renovation, expansion, or operational improvements to enhance profitability and market competitiveness. This is a rare chance to acquire a well-positioned senior care facility in a growing market, presenting a strong return on investment for the right buyer. The property's single-building design simplifies management and maintenance. This is a unique opportunity to acquire a distressed asset with significant upside potential. Interested parties should conduct their own due diligence.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,214,422
    6.5%
    $4,813,312
    7%
    $4,469,504
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,399,454
    Geo Method
    $2,399,454
  • Alternative Use

    Use
    Valuation
    Residential
    $6,105,890
    Hospitality
    $5,592,962
    Educational
    $4,653,278
    Medical
    $4,813,312
    Retail
    $7,238,434
1360 Gordon St, Douglas, Georgia

Location Insight

City
Douglas
County
Coffee
State
Georgia
Latitude
31.5143
Longitude
-82.8681
CBSA code
20060
CBSA name
DOUGLAS, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
-
$48,040
$974,382
$1,022,422
-
$120,101
$2,435,954
$2,556,055

FAQs

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