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11921 Caruso Dr - Former 34 bed Assisted Living in Florida

6,788 SF Health Care Building Offered at $325,000 in Panama City, FL 32404

Assisted Living Facilities Florida Panama City 11921 Caruso Dr, Panama City, FL 32404

Executive Summary

We offer 3% to a buyer's agent at close.
Looking for a value-add renovation project?
Formerly a 34-bed assisted living home on the outskirts of Panama City- this 6800 sq ft building sits on 1 acre and has 12 bedrooms, 5 baths and a ton of potential.
This is a fixer upper- not occupied, no NOI or T12 available.
Water is on.
Electric to property but has been disconnected due to vacancy
Property needs rehab- but that's why it's sub $50 per square foot and not $150 -$200 PSF like single family in the area.. or much more if you rehab, re license, and lease up as a group, assisted, or nursing home.
No blind offers or contract assignments.
Message for more info/pics

Property Facts

Price $325,000 Building Class C
Price Per Bed $27,083 Lot Size 1.03 AC
Sale Type Investment or Owner User Building Size 6,788 SF
Sale Conditions
Deferred Maintenance
  • Redevelopment Project
  • Building in Shell Condition
 No. Beds 12
Property Type Health Care No. Stories 1
Property Subtype Assisted Living Year Built 1981
Price $325,000
Price Per Bed $27,083
Sale Type Investment or Owner User
Sale Conditions
Deferred Maintenance
  • Redevelopment Project
  • Building in Shell Condition
Property Type Health Care
Property Subtype Assisted Living
Building Class C
Lot Size 1.03 AC
Building Size 6,788 SF
No. Beds 12
No. Stories 1
Year Built 1981
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PROPERTY TAXES

Parcel Number 07399-446-000 Improvements Assessment $57,124
Land Assessment $5,932 Total Assessment $63,056

PROPERTY TAXES

Parcel Number
07399-446-000
Land Assessment
$5,932
Improvements Assessment
$57,124
Total Assessment
$63,056

zoning

Zoning Code Unincorporated - R-1 (Residential/ Assisted Living)
Unincorporated - R-1 (Residential/ Assisted Living)
(650) 298-2282

Contact

  • Celine Truong
    Celine Truong
  • Celine-Truong.com

  • Listing ID: 31568193

  • Date on Market: 4/20/2024

  • Last Updated:

  • Address: 11921 Caruso Dr, Panama City, FL 32404

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11921 Caruso Dr - Former 34 bed Assisted Living in Florida
(650) 298-2282 x

11921 Caruso Dr - Former 34 bed Assisted Living in Florida

Celine Truong

(650) 298-2282

(650) 298-2282

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