22 Madras Pky - Healthcare | Potential Owner Financing 8,878 SF Health Care Building Offered at $1,950,000 in Newnan, GA 30263

Patient rooms could be converted into exam and treatment rooms in a clinic or urgent care center setting. Market anaysis as an Urgent Care Clinic shows a potential clinic. There is a significant need for physicians, the 5- mile PMA ratio is 2,205 population to 1 physician whereas the average US ratio is 319 population per 1 phycisian. The average net worth for the PMA is over $1.56 million per household. Potential Total Available Market (TAM) is $175 million year. And, the dead-end Madras Parkway is being expanded by Coweta County to connect to I-85 with over 76,000 cars per day. The property is located in the corner of Madras Parkway and GA 29.

This ±8,878 SF property is immediately available and located in the area of Newnan, GA. This 12-unit healthcare facility was recently built in 2009 and zoned R-C (Rural Conservation.) Seller will support rezoning or Special Use Permit application. Originally built as a hospice, with special use permit, the property is also suited for other senior housing and medical uses such as a clinic or urgent care center requiring zoning approval. This facility includes fully operational medical areas including a medication room, medical waste room and nurses' work room. The 12 patient quarters are suitable for double occupancy; each room contains a living area and a shared
bathroom arrangement with shower, commode and sink.

Gas-powered generator, sprinkler, video cameras. Property amenities also include a reception area, conference room, chapel, kitchenette and laundry room. Septic tank just replaced with sewer connection ($50,000 cost). Property Qualifies for a SBA 504 Loan with 25-year term, 85% LTC, and interest rate just below 6%.