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140 Shepherds Ln

160,275 SF Health Care Building Offered For Sale in Totowa, NJ 07512

Investment Highlights

  • Access to and from the site is via Shepherds Lane and Cumberland Avenue
  • Positioned in a prime location

Executive Summary

A 102-unit former senior housing community built & operated by The Little Sisters Of The Poor, the existing building lays out elegantly in three wings, offering abundant sunlight to all areas of the building. Ideal for adaptive reuse as a multifamily retrofit for either free market or tax credit redevelopment, in addition to senior housing. Multiple mature green spaces/gardens on site.

Property Facts Under Contract

Sale Type Investment
Property Type Health Care
Property Subtype
Continuing Care Retirement Com
  • Healthcare Assisted Living
  • Healthcare Congregate SeniorHousing
  • Healthcare Skilled Nursing Facility
Building Class C
Lot Size 7.16 AC
Building Size 160,275 SF
No. Beds 102
No. Stories 4
Year Built/Renovated 1975/1983
Parking Ratio 0.75/1,000 SF

Amenities

  • Wheelchair Accessible
  • On-Site Security Staff

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-00012-0000-00002
Land Assessment
$3,938,000
Improvements Assessment
$14,844,600
Total Assessment
$18,782,600

zoning

Zoning Code R-40 (Residential)
R-40 (Residential)
  • Listing ID: 32596239

  • Date on Market: 7/26/2024

  • Last Updated:

  • Address: 140 Shepherds Ln, Totowa, NJ 07512

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