ID#038568    Approximate Beds/Units:  300    Location:   Hazelton

Another firm is pleased to introduce a 185,000 SF, 6-story, Continuing Care Retirement Facility Hazleton, PA. This is a unique real estate redevelopment opportunity to invest in an attractive income-producing property in the growing senior housing industry in a strategic location. The Site has approved zoning for 300 beds of Assisted Living/Mixed-Use. The local government is assisting with development grants, which will offset the cost of construction by 4-7 million. Up to 10 years of potential tax incentives in additional government support is expected. Interior demolition (vanilla box) was completed, and the project is ready for framing. The synergy of distressed real estate, government incentives and community support create an opportunity for exceptional growth, and profitability. The site has approved zoning for 300 beds for Assisted Living and other uses on various floors such as medical services. zoning approved commercial space on the ground floor with Assisted living apartments above. The building offers 5 parcels and contains a total of approximately 185,000 SF. Additionally, the property offers excess parking over several surface lots. The building is six-stories. Conversion provides an opportunity to enter the growing market in Hazleton, Pennsylvania. It is a landmark structure seen from all points of the city. Hazleton is nestled in the scenic Pocono Mountain area of Northeastern, Pennsylvania. Mother Nature puts a show on every season with over 2,400 square miles of mountains, lakes, rivers, waterfalls and two National Parks. The community is easily accessible from the Pennsylvania, New Jersey and New York areas. The structure is seen from all points of the city in the Pocono Mountain area at the highest point of the city. Easy accessible to New York, New Jersey and Philadelphia intersection of the major highways 80-81.