Commercial Sale Assisted Living

Commercial Sale Assisted Living.  2021 Kennicott Road is for sale for 399k.  5 bedrooms with a potential 6th.  First, 2 BR’s and 2 BA on Main Floor.  Second, Ramp access. Also, Use Permit for adult assisted living for up to 8 tenants. Currently there are 4 out of 8 Hospital beds in use. Also, all equipment is included. Currently Grossing $45,600 at half occupancy.  Download the Operating Agreement and Permit from our website or ask your Commercial Agent.

Because Commercial Sale Assisted Living is different from standard real estate you will need a Commercial Real Estate Agent or business manager.  Likewise, avoid using a residential real estate agent!  First, Location Location Location, make sure you are located near your target market.  Second, make sure your space is zoned properly for your business plan.  Next, provide your Commercial Agent with your business plan.  Also, plan for a 3 year lease minimum.  Finally, consider your target market and make certain the demographics reflect the population you hope to reach.  For Example, your night club would not likely do well in Crisfield MD as the population is too low.  Likewise, your I-2 Heavy Industry would not find a place in Ellicott City.

Commercial Assisted Living Information:  https://www.sbdcnet.org/small-business-research-reports/assisted-living-facilities
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