280 Harve Mathis Road, Athens GA

Senior Facilities for Sale - $952,000

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #930038
Location280 Harve Mathis Road
Athens GA 30601
Last UpdatedNovember 11th, 2017
TypeSenior Facilities
Price$952,000

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Property Description

This ± 8.42 acre land parcel, proposed for an assisted living and memory care facility, is zoned C-R (Commercial Rural) and is permitted for Congregate Personal Care Homes with sixteen or more clients per an approval letter from Clarke County. The planned facility will be made up of 88 total units consisting of 36 assisted living units and 12 memory care units. The two-story building will contain ± 62,045 square feet on the ± 8.42 acre site. The project is scaleable to 80+ total assisted living beds with future plans to include 20 or more independent living cottages on the site.

This land package includes an approved zoning letter, architectural elevation drawing, floor plan, site plan, survey, topography map, Phase I Environmental, soil analysis, Integra Market Study for Senior Housing and Pro Forma.

Location Description:

The subject property is located off of Harve Mathis Road and Highway 29 in Athens, Georgia, in close proximity to the Clarke County/Madison County border. The area is approximately fifteen minutes from downtown Athens, 6.9 miles away from the University of Georgia and 8 miles from Piedmont Athens Regional.

Located in a rapidly expanding area of Athens Clarke County with the highest percentage of people over 65 years of age in the Athens-Clarke area, Athens has been ranked as one of the Top 25 retirement destinations by Forbes Magazine, and is one of the top college towns in America.

Nearby attractions: Athens Christian School, Athens Technical College, Georgia Department of Veterans Service, Kroger Marketplace, TC Village Shops (under construction adjacent to the Kroger Marketplace), Piedmont Urgent Care, Crossroads Church, and Faith Temple Church of God.

Highlights:

>> Assisted Living Unmet Demand: 180

>> Memory Care Unmet Demand: 73

>> Assisted Living Weighted Average Occupancy: 93%

>> Memory Care Weighted Average Occupancy: 95%

>> Median Household Income 50+: $40,192

>> Average Home Values: $221,740

>> Average Net Worth Age 55 to 64: $498,037

>> Average Net Worth Age 65 to 74: $748,869

>> Average Net Worth Age 75+: $493,898

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