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2415A-2415B-2441 S Center St - 2415 A, B, & 2441 S Center St 9,928 SF Health Care Building Offered at $3,198,000 at a 11.73% Cap Rate in Hickory, NC 28602
Investment Highlights
- High-Impact Value-Add: $4–$6M expansion transforms a 17-bed facility into a projected $50M asset w/ ~$4M net annual income
- Prime Waterfront Setting: Upscale ranch-style units overlooking the river w/ direct boardwalk access
- Turnkey + Income In-Place: Fully staffed operations w/ existing private-pay residents & Medicaid eligibility for ALF
- Incredible Growth Potential: Pre-approved plans to expand to 83 beds (Independent Living, Assisted Living, & Memory Care mix)
- De-Risked Development: Land removed from FEMA floodway + grading plan already in place
- Strong Market Fundamentals: Located in Hickory with growing senior population, limited supply, & flexible investment options incl. seller financing
Executive Summary
$50M Senior Living Opportunity – Seller Financing Available
Established, fully renovated 17-bed facility in Hickory, NC. Positive cash flow from day one. Pre-approved expansion to 83 high-end units—Independent, Assisted, and Memory Care with river views and boardwalk access. Fully outside flood zone.
Turnkey & Flexible
Fully staffed, private-pay residents, Medicaid-ready. Buy outright, partner, or co-sign the development loan for equity. Seller financing and 1031 exchanges welcome.
Why Hickory?
Aging population. Retiree influx. Supply crunch. That means high occupancy, waiting lists, and long-term stability. Two major hospitals and strong affordability put you in the driver's seat.
The bottom line: Immediate cash flow + massive upside. Financials available under NDA. This one moves fast—don't wait.
Established, fully renovated 17-bed facility in Hickory, NC. Positive cash flow from day one. Pre-approved expansion to 83 high-end units—Independent, Assisted, and Memory Care with river views and boardwalk access. Fully outside flood zone.
Turnkey & Flexible
Fully staffed, private-pay residents, Medicaid-ready. Buy outright, partner, or co-sign the development loan for equity. Seller financing and 1031 exchanges welcome.
Why Hickory?
Aging population. Retiree influx. Supply crunch. That means high occupancy, waiting lists, and long-term stability. Two major hospitals and strong affordability put you in the driver's seat.
The bottom line: Immediate cash flow + massive upside. Financials available under NDA. This one moves fast—don't wait.
Property Facts
| Price | $3,198,000 | Building Class | B |
| Price Per Bed | $188,118 | Lot Size | 3.21 AC |
| Sale Type | Investment or Owner User | Building Size | 9,928 SF |
| Cap Rate | 11.73% | No. Beds | 17 |
| Property Type | Health Care | No. Stories | 2 |
| Property Subtype | Assisted Living | Year Built/Renovated | 2011/2026 |
| Zoning | GB - General Business | ||
| Price | $3,198,000 |
| Price Per Bed | $188,118 |
| Sale Type | Investment or Owner User |
| Cap Rate | 11.73% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | B |
| Lot Size | 3.21 AC |
| Building Size | 9,928 SF |
| No. Beds | 17 |
| No. Stories | 2 |
| Year Built/Renovated | 2011/2026 |
| Zoning | GB - General Business |
Amenities
- Waterfront
- Wheelchair Accessible
- Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $642,200 | |
| Land Assessment | $24,800 | Total Assessment | $667,000 |
Property Taxes
Parcel Numbers
Land Assessment
$24,800
Improvements Assessment
$642,200
Total Assessment
$667,000
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2415A-2415B-2441 S Center St - 2415 A, B, & 2441 S Center St