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457 Old Lewiston Rd - Heritage Rehabilitation Living Center 13,718 SF Health Care Building Offered at $1,290,000 in Winthrop, ME 04364



INVESTMENT HIGHLIGHTS
- The building has over 13,000 SF of area,(with much more available space in the basement)
- very spacious with 2 levels and an elevator, (the elevator also goes down to the basement)
- many individual rooms and baths, a nice entry/reception area, nurses stations and multiple offices are spread around the building
EXECUTIVE SUMMARY
Here is an excellent investment opportunity, a large multi-use building that has many potential uses and a nice lot size of 5.3 acres with good road frontage, ample parking and offers good expansion opportunities! Nice area, quiet and somewhat rural, close to both Augusta and Lewiston, nice grounds and garden areas. The building has over 13,000 SF of area,(with much more available space in the basement) many individual rooms and baths, a nice entry/reception area, nurses stations and multiple offices are spread around the building, a very spacious and sunny two room dining area with lots of seating capacity and 2 fire places, there is also a beauty salon. The building is very spacious with 2 levels and an elevator, (the elevator also goes down to the basement) BBHW heat along with some heat pumps, and vinyl windows. The full basement offers plenty of usable space with a laundry, kitchen, various staff offices, storage, etc., a propane generator system, a sprinkler system, city water and sewer, ramps on the outside, plenty of parking with about 60 or so spaces, (possibly more) there are 2 parking areas - one in front of the building and the other out back. A section of the building was flooded and has been remediated. Formally a 52-bed assisted living and rehabilitation center. A good candidate for redevelopment, for an apartment building, a living facility, etc., and more. Much good potential here. Some seller bridge financing may be available to qualified buyers. Call for more info.
PROPERTY FACTS
| Price | $1,290,000 | Lot Size | 5.30 AC |
| Price Per Bed | $24,808 | Building Size | 13,718 SF |
| Sale Type | Investment | No. Beds | 52 |
| Property Type | Health Care | No. Stories | 2 |
| Property Subtype | Assisted Living | Year Built | 1968 |
| Building Class | C | ||
| Zoning | RU | ||
| Price | $1,290,000 |
| Price Per Bed | $24,808 |
| Sale Type | Investment |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 5.30 AC |
| Building Size | 13,718 SF |
| No. Beds | 52 |
| No. Stories | 2 |
| Year Built | 1968 |
| Zoning | RU |
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PROPERTY TAXES
| Parcel Number | WINP-000001-000058-E000000 | Improvements Assessment | $989,500 |
| Land Assessment | $38,300 | Total Assessment | $1,027,800 |
PROPERTY TAXES
Parcel Number
WINP-000001-000058-E000000
Land Assessment
$38,300
Improvements Assessment
$989,500
Total Assessment
$1,027,800
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457 Old Lewiston Rd - Heritage Rehabilitation Living Center
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