361 Leonard RdLouisburg, NC 27549

Property Details for 361 Leonard Rd

Year built

1973

Lot size

4.06 AC

Property size (Sq ft)

18,040 SF

Zone code

FCO AR

Property type

Commercial real estate

APN

12720

APU

12720

Description

This exceptional investment opportunity presents a 64-bed senior living facility situated on a spacious 4.06-acre lot in Louisburg, North Carolina. The property, located at 361 Leonard Rd, boasts 18,040 square feet of space within a single-story, 1973-built building. Currently vacant, this Class C property is zoned for commercial use and offers significant potential for a new operator. The facility features 32 resident rooms, each designed to accommodate two residents, and includes three distinct wings, each equipped with a common area, bathing facilities, and an office. A fully functional commercial kitchen and two dining spaces are also included. The property is licensed for 64 beds until the end of 2024. A substantial amount of supplies remains on-site, providing a head start for the next operator. The property's beautiful country setting offers ample room for expansion, such as adding an outdoor garden or seating area for residents. Conveniently located just 13 minutes from downtown Louisburg and 35 minutes from Wake Forest, NC, this property presents a unique opportunity to capitalize on the growing demand for senior care in Franklin County, which currently refers residents outside the county. The asking price is $1,500,000. The property's APN is 012720.

• Alternative Use

  Use

  Valuation

  Residential

  $5,005,160

  Hospitality

  $4,584,700

  Educational

  $3,814,416

  Medical

  $3,945,600

  Retail

  $5,933,536

Location Insight

City

Louisburg

County

Franklin

State

North Carolina

Latitude

36.1574

Longitude

-78.1603

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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