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INVESTMENT HIGHLIGHTS
- Former licensed assisted living residence – purpose-built for group living
- Ten bedrooms with multiple bathrooms and functional common areas
- Off-street parking and mature landscaping on a well-proportioned lot
- Fire-sprinkler system installed throughout for safety and compliance
- Spacious living, dining, kitchen, and lower-level lounge
- Quiet residential neighborhood near Lutheran Medical Center and major corridors
EXECUTIVE SUMMARY
Former assisted living residence with great potential for renovation or reuse. This property was purpose-designed for senior or group living and still features a functional layout ideal for those uses today. The floor plan offers ten bedrooms, multiple bathrooms, and spacious common areas including a living room, dining area, kitchen, and lower-level lounge. The home is equipped with a full fire-sprinkler system, safety features, and accessibility elements uncommon in standard residences. With some updates and improvements, it could once again serve as an excellent assisted living, group home, or other congregate-care setting. Zoned R-2, allowing group living and care uses (verify with the City of Wheat Ridge). The property sits on a well-proportioned lot with mature landscaping, off-street parking, and outdoor areas suitable for resident enjoyment or recreation. Previously operated as a small private-pay assisted living community, the building is currently vacant and in need of renovation, offering a rare opportunity for investors, developers, or operators to reposition it for modern standards. Conveniently located near Lutheran Medical Center, major highways, shopping, and essential services. Bring your vision—this property offers strong bones, existing infrastructure, and zoning support for multiple residential care or group living possibilities.
PROPERTY FACTS
| Price | $1,400,000 | Lot Size | 0.33 AC |
| Price Per Bed | $87,500 | Building Size | 5,121 SF |
| Sale Type | Investment or Owner User | No. Beds | 16 |
| Property Type | Health Care | No. Stories | 1 |
| Property Subtype | Assisted Living | Year Built/Renovated | 1960/2024 |
| Building Class | C | ||
| Zoning | R-2 - Zoned R-2, allowing group living and care uses (verify with the City of Wheat Ridge). | ||
| Price | $1,400,000 |
| Price Per Bed | $87,500 |
| Sale Type | Investment or Owner User |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 5,121 SF |
| No. Beds | 16 |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2024 |
| Zoning | R-2 - Zoned R-2, allowing group living and care uses (verify with the City of Wheat Ridge). |
AMENITIES
- Wheelchair Accessible
ROOM MIX INFORMATION
| DESCRIPTION | NO. BEDS |
|---|---|
| Bedrooms | 0 |
1 1
PROPERTY TAXES
| Parcel Number | 39-272-12-001 | Improvements Assessment | $39,201 |
| Land Assessment | $19,356 | Total Assessment | $58,557 |
PROPERTY TAXES
Parcel Number
39-272-12-001
Land Assessment
$19,356
Improvements Assessment
$39,201
Total Assessment
$58,557
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