2605 Morris Sheppard Dr
Brownwood, TX 76801

Auction:8/21 - 8/23: Absolute Auction Brownwood, Property tours are available by appointment ONLY. Please contact Carmina Pena-Mojdehi to schedule at carminalandmark@gmail.com or 956-571-5275. Investment Highlights: Absolute Auction 1st Bid meets Reserve! 32,000 SF Former Nursing Home With 108 Beds Can Be Used as Assisted Living Owner-Operator Opportunity or Value-Add Through Lease-Up at Market Rates Located Across Street from Brownwood Regional Medical Center Seller to Pay All Delinquent Taxes at Closing with Proration for Current Taxes Property Consists of Two Parcels very Large 20 Acres Potential for Redevelopment on this Large Lot with Numerous Traffic Drivers in Area including Howard Payne University, Kohler and 3M manufacturing and numerous other retail, office, manufacturing and mining Investment Overview: Absolute Auction Brownwood, Texas Assisted Living (the "Property") is a vacant former nursing home located at 2605 Morris Sheppard Drive in Brownwood, TX. The Property is 32,000 SF and consists of single story facility built in 1975 and situated on 19.31 acres of land. Per Costar, the Property previously had 108 bed capacity and the 65+ population is 16.57% of the total population. The Property would be ideal for multi-family, nursing home, child care facility, public or charter school, administrative offices, retail or medical facility. This Property offers investors the opportunity to purchase this vacant building at a significant discount with a huge value add opportunity. Brownwood is a city in and the county seat of Brown County. The city is home of Howard Payne University and the West Texas campus of Texas State Technical College. Brownwood is roughly 150 miles northwest of Austin and 180 miles southwest of Dallas. The city's industrial presence is evident by the fact that both Kohler and 3M have plants in Brownwood. The Property has approximately 16,387 individuals residing within a three-mile radius of the property and an average household income of $57,434. This absolute auction opportunity gives potential investors the ability to acquire this Property at significant discount with huge value-add potential. Additional Nearby ABSOLUTE AUCTIONS Available: A vacant, 23,771 SF, former nursing home, with 90 beds in Vernon, TX is being auctioned on August 7-9th, 2017: Click Here for more info on the Absolute Auction in Vernon Texas A vacant, 4