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2861 Highway 52 E - Former Stonecrest Assisted Living

19,200 SF Health Care Building Offered at $2,550,000 in Lafayette, TN 37083

Investment Highlights

  • Former assisted living facility located in the picturesque country-side of Macon County
  • Large 6 acre, partially wooded lot that could be used for expansion
  • Will come fully equipped with commercial kitchen and public spaces
  • Zoning allows for general business but also medical residential

Executive Summary

For Sale or Triple-Net Lease! Located in the rolling hills of middle Tennessee, this former assisted living facility is an approximate 1 hour and 10 minute drive from BNA airport in Nashville, Tennessee. While we are currently using the building for an outpatient autism clinic, it is zoned for commercial, which in our community includes medical residential (see statement below), allowing it to easily be converted back to an assisted living facility or used for residential drug and alcohol program, PHP services, inpatient services, medical office space, etc, Or, maybe think outside the box and convert to a bed and breakfast, retail spaces, office spaces, etc. The building boasts large common areas fully furnished, a commercial kitchen with appliances, dining room with tables and chairs, sunroom, office spaces and so much more. 24 resident rooms that could be individual or potentially double occupancy with twin beds. The square footage in each room exceeds the requirements for two residents in each room for both assisted living and inpatient drug and alcohol programs. Each resident room has a private bath with a handicap accessible shower, toilet, and sink. The building is equipped with a new nurses station with call buttons for rooms. The building does have a functioning and inspected sprinkler system. Out back you will find the Generac 500 gallon diesel generator that will run the entire facility for 72 hours in case of power outages. The building sits on approximately 6 acres, partially wooded, allowing for privacy in the back lawn. The location is perfect for those that want to be within driving distance to an international airport and a thriving city, but like the peacefulness of a small community.
Current Zoning:
"(c) Public and semi-public uses, including the following types of establishments: Cemetery (subject to the provisions of Section 14-504.2 of this Official Zoning Code), charitable, fraternal or social organization, church or similar place of worship, (when in compliance with the conditions specified in Section 14-504. 7 of this Official Zoning Code), community center, daycare center, funeral home, general office buildings, group homes, hospital, medical clinic, nursing home, schools, (when in compliance with the conditions specified in Section 14-504. 8 of this Official Zoning Code), retirement center, temporary care facility and similar uses."

Property Facts Under Contract

Price $2,550,000
Price Per Bed $106,250
Sale Type Owner User
Sale Conditions Lease Option
Property Type Health Care
Property Subtype Assisted Living
Building Class B
Lot Size 5.00 AC
Building Size 19,200 SF
No. Beds 24
No. Stories 1
Year Built 2008
Parking Ratio 1.04/1,000 SF
Opportunity Zone Yes

Amenities

  • Wheelchair Accessible
  • Fiber Optic Internet
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
056067 00606
Land Assessment
$80,280
Improvements Assessment
$726,560
Total Assessment
$806,840

zoning

Zoning Code CL (C-2 General Business - See full statement in listing)
CL (C-2 General Business - See full statement in listing)
  • Listing ID: 31409194

  • Date on Market: 4/3/2024

  • Last Updated:

  • Address: 2861 Highway 52 E, Lafayette, TN 37083

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