5347 Brightwood RdBethel Park, PA 15102

Property Details for 5347 Brightwood Rd

Lot size

1.62 AC

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

566-A-145

APU

566A145

Description

This 16,500-square-foot, two-story assisted living facility in Bethel Park, Pennsylvania, presents a unique redevelopment opportunity. Built in 1980, the property features 19 units with a total of 38 beds, including a dedicated memory care wing. The existing layout includes 22 rooms easily adaptable for double occupancy, a lower-level hair salon, and ample community spaces. Situated on a spacious lot with a large, flat backyard ideal for community activities and a secured entry courtyard, the property boasts a peaceful setting with a wooded hillside. Its location across from public transit provides convenient access to various South Hills communities, downtown Pittsburgh, and the North Shore. The property is zoned for nursing/private care and offers potential for redevelopment into various uses, including VA housing, VA assisted living, multifamily housing, or short-term housing, subject to Bethel Park's approval. The 17 main-level rooms could be configured as efficiency apartments, with the exception of the upper-level units which have a "Jack and Jill" bathroom setup. The asking price is $1,000,000, translating to $60.61 per square foot. This property is an excellent investment for an entrepreneur seeking to enter the personal care business or for a developer looking for a prime redevelopment site. The seller is open to various financing options, including lease, lease-to-own, or owner financing to facilitate a smooth transition.

• CAP approach

  CAP return

  Valuation

  6%

  $13,115,114

  6.5%

  $12,106,259

  7%

  $11,241,526

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,589,134

  Geo Method

  $7,589,134

• Alternative Use

  Use

  Valuation

  Residential

  $15,357,301

  Hospitality

  $14,067,205

  Educational

  $11,703,749

  Medical

  $12,106,259

  Retail

  $18,205,832

Location Insight

City

Bethel Park

County

Allegheny

State

Pennsylvania

Latitude

40.3259

Longitude

-80.0298

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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