1360 Gordon StDouglas, GA 31533
- Healthcare properties
- 30,404 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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