2802, Pinewood Avenue, Westfield, Baltimore, Maryland, 21214, United States
For Sale
$3,999,999
Property ID :
RH-26095-property
Secure ownership of 4 established assisted living facilities, expertly maintained and complete with a dedicated staff. Strategically positioned within a compact 3.3 mile radius. Each property sits on a large parcel of land, attracting new residents. These are Level 3 ALFs which offer a higher level of care and support compared with traditional ALFs. Now is the time to enter the thriving post-Covid assisted living industry and allow this portfolio to grow to unprecedented heights.
Facilities on Pinewood, Strathmore and Montebello sit on inviting, large and mature landscaped grounds. Decks and covered porches allow residents fresh air and peaceful surroundings. These converted single family homes offer a great mix of private and semi-private rooms. Main levels feature spacious common areas and half baths for visitors. Kitchens are equipped with 30″ ranges, built in microwaves, dishwashers and stainless sinks. Laminate flooring is easily maintained throughout living spaces. Each property is three stories, with bright, large, welcoming rooms. Bathrooms have been converted and feature walk-in showers, modern vanities and a mix of one or two private toilet stalls.
Harford Road was originally built as a drug treatment facility and is classified as a commercial assisted living facility. With 4 stories, 10″+ ceilings on above grade levels, this property is a plus-sized addition to the portfolio. Equipped with a commercial kitchen, including 8 burner gas range, hood, Ansul system and all stainless equipment. Chefs on staff have access to both the full sized walk in refrigerator and freezer. There are private and semi-private rooms on all 4 levels. Resident baths on the second and third floor feature 3 vanities, 3 walk in shower stalls, 1 tub and 3 private toilet stalls. The lower level bath is equipped for roll in showers and lift access.
Each facility is equipped with a high quality Bruno stairlift and wheelchair accessible ramps on the exterior.
Local neighborhood associations, such as Arcadia, Westfield, Lauraville, and North Harford Road Community are working consistently and collaboratively to continue improving the north east corridor of Baltimore City. Each property features off street parking for staff and visitors alike. Economies of scale are easily achieved as all 4 facilities are situated within this 3.3 mile radius.
In the Baltimore City region, the boomer generation represents a substantial portion of the population. With the aging of the boomers, there is an increasing demand for healthcare services and senior care options. The availability and accessibility of senior healthcare have become important considerations for the boomer generation in the area, and nationwide. In 2022, $3,500,000 was spent on assisted living, per consumer spending reports within the immediate area.
Call Cheryl at 410-235-9600 or Will at 410-916-3331 to discuss financing options and schedule a tour.
Unless and until there is a written Buyer-Broker Agency Agreement signed with a prospective Buyer, then Ben Frederick Realty, Inc., Ben Frederick Realty, Inc. represents the Seller. Please click here to download the Maryland Real Estate Commission form “Understanding Whom Real Estate Agents Represent”.
Owning a home is a keystone of wealth… both financial affluence and emotional security.
Suze Orman