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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
Unlock a $50M Senior Living Goldmine – Offered with Seller Financing!
Established, fully renovated 17-bed facility in Hickory, NC, with positive cash flow.? Pre-approved expansion to 83 high-end units.? Final campus: Independent, Assisted, and Memory Care – river views, boardwalk access, all out of flood zone.?
Turnkey & Flexible
Fully staffed, private-pay residents, Medicaid-ready.? Buy outright, partner, or co-sign development loan for equity.? Seller financing & 1031 exchanges welcome.?
Why Hickory?
Aging population + retiree influx + supply shortage = high occupancy, waiting lists, and long-term stability.? Two major hospitals, affordability, and premium care demand put you ahead of the curve.?
Bottom line: Immediate cash flow + massive upside.? Financials available upon signing of the NDA.? Don’t wait – this one moves fast.?
Established, fully renovated 17-bed facility in Hickory, NC, with positive cash flow.? Pre-approved expansion to 83 high-end units.? Final campus: Independent, Assisted, and Memory Care – river views, boardwalk access, all out of flood zone.?
Turnkey & Flexible
Fully staffed, private-pay residents, Medicaid-ready.? Buy outright, partner, or co-sign development loan for equity.? Seller financing & 1031 exchanges welcome.?
Why Hickory?
Aging population + retiree influx + supply shortage = high occupancy, waiting lists, and long-term stability.? Two major hospitals, affordability, and premium care demand put you ahead of the curve.?
Bottom line: Immediate cash flow + massive upside.? Financials available upon signing of the NDA.? Don’t wait – this one moves fast.?
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