Bought with Matthew Stubbs • THE HERNDON COMPANY
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124 Airport Rd Abbeville, GA 31001
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Key Details
Sold Price $650,000
Property Type Commercial
Sub Type Commercial Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 8,250 sqft
Price per Sqft $78
MLS Listing ID 130111
Sold Date 01/18/24
HOA Y/N No
Year Built 2008
Annual Tax Amount $5,022
Tax Year 2021
Lot Size 29.310 Acres
Property Sub-Type Commercial Sale
Property Description
First time offering Shady Pines Assisted Living Facility. This beautiful property is comprised of 29 Acres with an 8250 Sq Ft building, 17 Bedrooms fully occupied! This business has been in place since 2008 and has fulfilled the needs of the community by offering first class service and comfortable living. Building has large common great room, eating area, full kitchen, laundry, huge porches front and rear and 17 private bedrooms. Each Bedroom has a one large room, restroom with shower stall, toilet, sink and individual HVAC systems. Parking lot has just been restriped and resealed. Current NOI is $107,673 at an 8.12% Cap Rate. Plenty of room to increase bottom line or expand for further growth as the need in the area continues to grow.
Location
State GA
Area 11-Other
Zoning R-C
Interior
Interior Features Handicap Facilities, Sprinkler System, Living Quarters, Private Restrooms
Cooling Other
Exterior
Exterior Feature Irregular Lot Size, Large Lot, Sign(s)
Garage Spaces 24.0
Roof Type Shingle
Building
Story One
Water Public
Others
Tax ID 071069,071070
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