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$8,994,000
Est. payment /mo
15,242 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,242 sqft
Price per Sqft $590
MLS Listing ID 73356282
HOA Y/N false
Year Built 1970
Annual Tax Amount $34,212
Tax Year 2025
Lot Size 0.690 Acres
Acres 0.69
Property Description
Rarest of rare - fully rented rest home with 12%++ returns in desirable Worcester market 45 minutes West of Boston. Existing 60-licensed-bed (31 room) Assisted Living Residence/Rest Home located in Central Massachusetts. This offering includes both the business and the real estate. The site consists of approximately 0.70 acres, improved by a one-story sprinklered building totaling over 15,000 square feet. The rest home is currently self-managed by the business and real estate property owner. The business can be transferred with management staff in-place. Site is highly visible with easy access to public transportation. In addition to the 60 beds spread across 31 units, the property includes on-site laundry, kitchen, dining room, and a courtyard. The business generates approximately $4,000,000 of gross income with typical net income of approximately $1,300,000. Disclaimer: Some images have been lightly edited.
Location
State MA
County Worcester
Zoning RG-5
Direction Very desirable location - NDA required for details, please ask
Exterior
Total Parking Spaces 24
Others
Senior Community false
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Listed by Coldwell Banker Realty - Newton
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