Special Purpose / Former assisted living facility

Special Purpose for Sale
Catylist Listing ID: 30575663
Property Subtypes: Health Care/Medical, Senior Housing
Building Size (RSF): 30,298 SF
Gross Land Area: 2.08 Acres
Sale Price: $2,800,000
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/28/2020

Overview / Comments

This very special real estate is one of the rarest offerings in the Highland Avenue area. Located at 39 Hanover Circle - about two blocks from Highland Avenue and very near St Vincent's Hospital - this former assisted living facility has recently closed. The improvements are a thirty-thousand square foot structure that occupies most of its two-acre site. Built in 1964, this facility was occupied until mid-June of 2019. Its tasteful appearance is equally attractive inside with resident rooms, a large living room with fireplace, and a commercial kitchen. The scarcity of this availability of 2 acres makes this an acquisition opportunity! Imagine having the square footage of Caldwell Park on Highland Avenue that could be used for multi-family, religious, educational, charitable, or fraternal organizations.

Additional Details

Nearest MSA: Birmingham-Hoover
County: Jefferson
Tax ID/APN: 2300314022001000
Zoning: CR6
Property Located Between: Highland Avenue & 8th Avenue South
Property Visibility: Good
Largest Nearby Street: Highland Avenue
Feet of Frontage: 535
Highway Access: Highway 280
Airports: Birmingham International Airport
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 30,298 SF
Property Condition: Good
Year Built: 1966
Year Renovated: 2015
Roof Type: Gable
Construction/Siding: Brick, Stone
Parking Type: Surface
Parking Description: 12 parking spaces on site out front of building with 60 parking spaces on street in front of property
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central, Wall Units
Air Conditioning: Package Unit
Zoning Description: CR6
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: P O B SW C OF LOT 4 BLK 891 BHAM RUN N ALONG HANOVER CIRCLE 607.5 FT TO THE CENTER OF OF A 20 FT ALLEY TH S 376.3 FT ALONG CENTER OF ALLEY TH W 109 FT TH S 70 FT TH SWLY 33.5 FT TH W 119.2 ALONG THE S LINE OF LOT 4 TO P O B BEING LOTS 1 2 3 & PT OF LOT 4 & PT OF A VACATED ALLEY BLK 891 BHAM...

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,660 95,764 200,245
Median Age: 32.06 36.01 37.01
Households: 8,607 42,070 84,960

Contact

Photograph of Listing Agent

Robert Mathews

HighPointe Homes & Land
BCX Member
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