Keller Williams Commercial is pleased to present this 5.34 acre gross site zoned and approved for a 200 unit, 10-story senior living facility (easy living), apartments, condos or hotel. There is a total of 390,000 SF with 340,000 livable SF and 234 parking spaces. Fully operational assisted living/memory care is adjacent to this property.
Average daily traffic count of 30,500 with projected 5-year population growth rate of 6.5%. Surveys, title, permits, architectural drawing, and appraisal are available.
Purchase price of 5.5 million will control the project. Another option is to loan 5.5 million dollars with the property as collateral and earn 15% interest on your investment. You will be given a 40% ownership when the project is completed by the current owner.
