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12 Unit Healthcare Facility | ±8,878 SF 22 Madras Pky 8,872 SF of Medical Space Available in Newnan, GA 30263
Highlights
- ±8,878 SF property is suited for healthcare | Immediate occupancy available
- Septic tank just replaced with sewer connection ($50,000+ cost)
- Patient-to-primary-care-physician ratio of 2,205 to 1
- Fully functioning staff and medical operational areas | Built in 2009
- Plans under way to connect Madras Parkway to Highway I-85
- Total addressable healthcare market within the PMA is estimated to exceed $175 million annually
All Available Space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
- Lease rate does not include utilities, property expenses or building services
- Wheelchair Accessible
- Fully Built-Out as Health Care Space
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| 1st Floor | 8,872 SF | Negotiable | $23.00 /SF/YR $1.92 /SF/MO $204,056 /YR $17,005 /MO | Medical | Full Build-Out | Now |
1st Floor
| Size |
| 8,872 SF |
| Term |
| Negotiable |
| Rental Rate |
| $23.00 /SF/YR $1.92 /SF/MO $204,056 /YR $17,005 /MO |
| Space Use |
| Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 8,872 SF |
| Term | Negotiable |
| Rental Rate | $23.00 /SF/YR |
| Space Use | Medical |
| Build-Out | Full Build-Out |
| Available | Now |
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Health Care Space
- Wheelchair Accessible
About the Property
This ±8,878 SF property is immediately available and located in the area of Newnan, GA. This 12-unit healthcare facility was built in 2009 and zoned R-C (Rural Conservation.) Seller will support rezoning or Special Use Permit application. Originally built as a hospice, the property is also suited for 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 units suitable for exam and treatment rooms; each room contains a shared full bathroom arrangement (Jack & Jill) with shower, commode and sink. Property amenities also include a reception area, conference room, chapel, kitchenette and laundry room. Gas-powered generator, sprinkler, video cameras Madras Parkway is being expanded to connect to I-85 increasing traffic; such expansion is driving plans for a potential adjacent Kroger Mart to be built. Facility is located in a wealthy are of Newnan, less than one mile from the Newnan Country Club. Data for Coweta County reveals a patient-to-primary-care-physician ratio of 2,205 to 1. This ratio is significantly higher than the benchmark of 1,500:1 that is often considered the minimum for adequate access, and it points to a market under significant strain. The 5-mile PMA is characterized by a dense and growing population of 64,779 residents in 24,806 households. The area exhibits strong economic vitality, with a median household income of $96,972 and an average household net worth of $1,430,003, which surpasses both city and state averages. This economic strength, coupled with high local home values, indicates a significant capacity for healthcare spending. Based on established consumer spending data provided by ESRI showing the average healthcare spent per household within a 5-mile is $8,015; thus, the total addressable healthcare market within the PMA is estimated to exceed $175 million annually, representing a substantial revenue pool for a new market entrant.
Property Facts
| Total Space Available | 8,872 SF | Building Size | 8,878 SF |
| Property Type | Health Care | Year Built | 2009 |
| Building Class | B |
| Total Space Available | 8,872 SF |
| Property Type | Health Care |
| Building Class | B |
| Building Size | 8,878 SF |
| Year Built | 2009 |
Features and Amenities
- Wheelchair Accessible
Contact the Leasing Agent
12 Unit Healthcare Facility | ±8,878 SF | 22 Madras Pky