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3959 Sheridan Ave
North Bend, OR 97459
Seniors Housing Campus · Health Care Property For Sale
·
184 Beds
PROPERTY FACTS
| Property Type | Health Care | Building Size | 191,000 SF |
| Property Subtype | No. Beds | 184 | |
| Building Class | C | No. Stories | 5 |
| Lot Size | 10.80 AC | Year Built/Renovated | 1957/1986 |
| Zoning | R-M Residential | ||
| Property Type | Health Care |
| Property Subtype | |
| Building Class | C |
| Lot Size | 10.80 AC |
| Building Size | 191,000 SF |
| No. Beds | 184 |
| No. Stories | 5 |
| Year Built/Renovated | 1957/1986 |
| Zoning | R-M Residential |
ABOUT 3959 SHERIDAN AVE , NORTH BEND, OR 97459
The investment presented “Baycrest Village” is located in an opportunity zone. The law was created in 2017 by the Tax Cuts and Jobs Act. This investment offers significant tax benefits to investors who re-invest capital gains earnings. The investment includes 184 total units (69 ILF, 31 AL, 84 SNF) with 4 buildings located on the campus. The ILF acts as the anchor with the assisted living and skilled nursing buildings vacated and closed. Proposed uses for the 10.84 acre site include a demolition or re-position of the AL/SNF buildings with new construction of additional ILF units or multi-family units. There is limited local market competition of only 3 communities within a 25-mile radius. In addition, an incoming investor is presented with an opportunity to maximize future profits by acquiring real estate located in a designated “opportunity zone”.
ROOM MIX INFORMATION
| DESCRIPTION | NO. BEDS |
|---|---|
| ILF, SNF, AL | 0 |
PROPERTY TAXES
| Parcel Number | 1000359700 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,826,360 |
PROPERTY TAXES
