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Investment Highlights

  • Flexible Floor Plan with Numerous Private Rooms
  • Excellent Highway Access
  • Ample On-Site Parking
  • Value-Add/ Adaptive Reuse Opportunity

Executive Summary

Positioned with excellent access to major highways and key transportation corridors, this 8,638± square foot commercial property presents an exceptional value-add opportunity for investors, developers, healthcare operators, and owner-users seeking a flexible redevelopment asset.
The existing floor plan features numerous private rooms, multiple common areas, administrative space, and a layout that lends itself to a variety of commercial and institutional uses. Potential redevelopment opportunities include assisted living, memory care, behavioral health, rehabilitation services, transitional or veterans housing, medical offices, educational facilities, workforce housing, nonprofit operations, or other specialty commercial uses, subject to zoning, licensing, and buyer verification.
With a substantial building footprint, adaptable interior configuration, and strategic location, this property offers the opportunity to reposition an existing asset into a high-demand use. Its convenient highway access provides efficient connectivity for staff, clients, and service providers while supporting long-term operational success.
Whether you’re expanding an existing portfolio, pursuing an adaptive reuse project, or seeking a commercial redevelopment opportunity, this property offers the size, flexibility, and location to bring your investment vision to life.
Buyer to independently verify all property information, zoning, permitted uses, licensing requirements, and suitability for intended use.

Property Facts

Price $475,934 CAD
Price Per Bed $23,797 CAD
Sale Type Investment
Property Type Health Care
Property Subtype
Assisted Living
  • Healthcare Congregate SeniorHousing
  • Healthcare Continuing Care Retirement Community
  • Healthcare Rehabilitation Centre
Building Class C
Lot Size 0.40 AC
Building Size 8,638 SF
No. Beds 20
No. Stories 1
Year Built 1964
Parking Ratio 1.16/1,000 SF
Opportunity Zone Yes
Zoning C3/C2 - Current zoning use is medical, can be changed to meet owners needs
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
R48662
Land Assessment
$8,577 CAD
Improvements Assessment
$449,038 CAD
Total Assessment
$457,615 CAD
  • Listing ID: 41177603

  • Date on Market: 2026-07-06

  • Last Updated:

  • Address: 1601 Vanda Ave, Lubbock, TX 79403

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