261 W 2000 S
6,558 SF Health Care Building Offered at $798,000 in Orem, UT 84058
INVESTMENT HIGHLIGHTS
- Large facility
- Easy freeway access
EXECUTIVE SUMMARY
This property offers a rare opportunity to acquire an established assisted living facility set on residentially zoned land. Perfectly located in a quiet, residential neighborhood. Great potential for conversion or redevelopment, subject to zoning approvals.
**Location**: Located in a peaceful residential area, across from a 21-ac Orem City Nielsen Grove Park in the heart of Orem
**Zoning**: Currently zoned for residential use, with opportunities for re-purposing or potential redevelopment.
**Building Details**: Facility with multiple bedrooms, bathrooms, common areas, and kitchen facilities.
**Potential for Conversion**: Ideal for a variety of uses, including residential redevelopment, assisted living, or other specialized care facilities.
Parcel serial#19:047:0034 (Address: 261 W 2000 S, Orem) listing price $798,000.00 can be sold individually
Parcel serial#19:047:0035 (Address: 275 W 2000 S, Orem) is occupied. Please do not disturb the residents in 275 W 2000 S. This parcel cannot be sold separately. It can be sold together with #19:047:0034. Combined asking price for both parcels $1.29 million. Combined parcels size: 1.5 ac.
This property is an excellent investment opportunity, offering flexibility in its future use while maintaining its current operational integrity. Whether you are looking to continue the facility's current use or explore redevelopment possibilities, this property is ready for its next chapter. Vacant. Easy to Show.
**Location**: Located in a peaceful residential area, across from a 21-ac Orem City Nielsen Grove Park in the heart of Orem
**Zoning**: Currently zoned for residential use, with opportunities for re-purposing or potential redevelopment.
**Building Details**: Facility with multiple bedrooms, bathrooms, common areas, and kitchen facilities.
**Potential for Conversion**: Ideal for a variety of uses, including residential redevelopment, assisted living, or other specialized care facilities.
Parcel serial#19:047:0034 (Address: 261 W 2000 S, Orem) listing price $798,000.00 can be sold individually
Parcel serial#19:047:0035 (Address: 275 W 2000 S, Orem) is occupied. Please do not disturb the residents in 275 W 2000 S. This parcel cannot be sold separately. It can be sold together with #19:047:0034. Combined asking price for both parcels $1.29 million. Combined parcels size: 1.5 ac.
This property is an excellent investment opportunity, offering flexibility in its future use while maintaining its current operational integrity. Whether you are looking to continue the facility's current use or explore redevelopment possibilities, this property is ready for its next chapter. Vacant. Easy to Show.
PROPERTY FACTS
| Price | $798,000 |
| Price Per Bed | $23,471 |
| Sale Type | Investment or Owner User |
| Sale Condition | Build to Suit |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 6,558 SF |
| No. Beds | 34 |
| No. Stories | 1 |
| Year Built | 1982 |
| Tenancy | Single |
ROOM MIX INFORMATION
| DESCRIPTION | NO. BEDS |
|---|---|
| - | 34 |
1 of 1
PROPERTY TAXES
| Parcel Number | 19-047-0034 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $406,725 |
ZONING
| Zoning Code | R8 (Zoned single family with: Assisted Living legal nonconforming use) |
