Senior Housing and Assisted Living Facilities for Sale in Kentucky

ID#017720   Approximate Beds/Units:  134-238    Location:  Louisville

Another firm is pleased to introduce a prime value-add opportunity conveniently located within a 10-minute drive to three major medical centers and offers 91,383 SF across 9.03 acres. Once a vibrant nursing home community, this facility was originally licensed for 186 skilled nursing beds. The winged layout of the building allows for multiple service units. The previous operation offered Traditional Long-term Care, Transitional Care, and a Memory Care unit. The building has the physical capacity to run 248 beds. The single-story building includes many amenities: 3 dining rooms, 2 kitchens, a salon, walk-out courtyards, and a physical therapy gym. Unfortunately, the previous operator was forced to close doors in October of 2021 following legal disputes that have since been settled. For the past two and a half years the building has remained vacant. With the vacancy, the property has been subject to challenges including a burst sprinkler system (2022), theft of copper wiring and other major electrical components (2023), and the occasional vandal and squatter. The previous operator (who still is leasing the building; NNN) has addressed the sprinkler rebuild and some pertinent deferred maintenance, but the facility still needs significant renovations to address the leftover damage. In terms of how much, that will be up to an investor or operators’ needs, vision, and contractor. Ultimately, this property is an opportunity to revitalize a once-thriving facility and community asset.