Caritas Garden Assisted Living and Memory CareThe property is in Escambia County, just 25 minutes (19+/- miles) outside of Pensacola. This area is experiencing a boom in development and population migration. New housing developments are selling out quickly and jobs are moving to the area.The property being offered is an approximately 3.5-acre lot with a 12,000+/- sqft building. The building offers 36 rooms that could easily accommodate 50 residents and is a great “H” layout for an ALF. The building has been partially gutted to prepare for the renovation. The property was purchased from International Paper and has been used to house their Woodlands Division, as well as several other operations.The building has been vacant and on the market for several years. The 3.4-acre parcel appraised “as is” for $1,150,000.00. To be code compliant and contemporary, the subject property will require renovation at a cost approaching a million dollars. These total costs are drastically less than what most facilities this size initially incur. A Conditional Use Permit allowing an Assisted Living Facility on this site has been obtained from the Escambia County Planning & Zoning Department.
Caritas Gardens will be licensed for 70 beds, 32 of which will be in an isolated Memory Care wing for Alzheimer and Dementia residents. The marketing strategy will be to capture a massively growing demographic, at a lower price point, without compromising the quality of care. In fact, the quality of life and quality of care will far exceed what is offered in the average facility in Northwest Florida. The 3.4 acres allow this facility to offer extraordinary exterior amenities. The principals of this company will be committed to maintaining a fresh, clean and lively environment and render superior service to its residents and their families.
Caritas Gardens will be the first Assisted Living Facility to capitalize on the untapped North Escambia County area markets. There is currently one facility located on West Nine Mile Rd. (Sabal House), which offers a price point that will not compete with Caritas Gardens. There also is a 15-bed facility in Enon (Enon Country Manor in the Walnut Hill area) and a 12-bed facility (Laurelwood) on Ten Mile Rd. Apart from these facilities, there are currently no Assisted Living Facilities in Florida north of Nine Mile Rd. The principals of Caritas Gardens are committed to providing unrivaled care and services. Caritas Gardens will be positioned for tremendous success.
- Status: SoldPrice: $495,000Licensed Beds: 50 Plus or MinusBuilding Size (Sq-ft): 12000Individual Bedrooms: 36Cap. Rate: 0Agent Name: Kalei StockstillPhone: 3215914113
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KW Commercial - Parks Commercial Group, LLC - Orlando
11 S. Bumby Ave, Orlando, Fl 32803