KW Commercial and My ALF Consultant are pleased to offer this formerly operational assisted living facility in Punxsutawney Pennsylvania previously licensed to operate 44 beds, was designed to provide supportive care to residents in a homelike environment.
This turnkey opportunity presents a 44-bed personal care and assisted living facility at 98 Foundry St, Punxsutawney, PA, listed for sale at below replacement cost. Previously licensed for 44 beds, the vacant property spans 23,301 square feet across two buildings on 1.21 acres in the heart of town. The first building, constructed in 2008, and the newer 2010 building, which includes 16 units ideal for memory care, are fully equipped with furniture, fixtures, and business equipment, ready to resume operations immediately.
Owned by a respected local doctor, the facility has a strong history of high occupancy, serving many of the doctor’s own patients. When operational, the business consistently generated gross revenue between $1,000,000 and $1,100,000 annually over the last few years. Its prime location, with only one other personal care home in Punxsutawney, ensured families preferred it for its proximity, fostering consistent demand. Converting the newer building into a memory care facility would address a vital need in the community and could significantly increase revenue. The owner’s retirement led to the closure, creating a unique chance for a qualified buyer to acquire a well-established business at real estate value, offering significant equity-building potential and strong cash flow in the fast-growing senior care industry.
Priced competitively, the property is eligible for SBA 504 or 7a loan programs, requiring only 10-15% down payment. This is an exceptional opportunity to enter the lucrative and essential senior care market with a fully equipped, strategically located facility poised for immediate operation and long-term success.
