1215 S Tower Ave
Centralia, WA 98531
Health Care Property For Sale · 22 Beds

This property was operated as an Assisted Living Facility until May 31, 2017 and is currently vacant. Using the comparable sales method of evaluation the property was valued at $1,250,000. Modern features such as lever door handles, wheelchair accessible bathrooms in units are evident. Functional problems include lack of bathrooms for 7 rooms resulting in being licensed for 15 beds rather than 22 beds. In January 2017, the former operator indicated it would take $5,000 to $7,000 per bathroom to develop. Note this has been part of the plan of the operator since 2013, but no action to develop the 7 bathrooms have started. This is AARON BROWN & ASSOCIATES, INC. – 17-1161 – SANDRA CARE CENTER – CENTRALIA, WA – 07/31/17 41 partially due to the operator was leasing the “property” on a month to month basis and would have too much risk involved for the operator to make such a significant change to the “property” without the long-term security of operating the “property.” In addition, it is unknown of the 7 additional rooms could be licensed of if the bathrooms would cost $5,000 to $7,000 per bathroom. No construction contract was provided. Considering this, the property was appraised as a 15 operational unit facility.