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2065 Chub Lake Rd - Maple Heights Assisted Living 10,347 SF Health Care Building Offered at $1,206,564 CAD in Roxboro, NC 27574



INVESTMENT HIGHLIGHTS
- Functional and Operating Despite State Sanctions
- Building in Relatively Good Condition (Needs TLC)
- Lower Price Point/Negotiable Price
EXECUTIVE SUMMARY
In Distress…but Good Opportunity for the Right Buyer
Maple Heights is a licensed Adult Care Home (Assisted Living Facility) under a revocation of license order from the State of North Carolina. The facility continues to operate with 16 residents as of the time of this listing as they appeal the revocation order. This property has a Person County (NC) tax value of $950,000. This facility can be sold to an Adult Care Home owner/operator with a contingency that they will receive a clean license to operate upon a sale. Or, this facility can be sold for an alternative use. This older property does not have individual bathrooms in the rooms, but rather community baths/showers for its residents. The owner is motivated for a quick cash sale. This property is in distress but this is a good opportunity for a knowledgeable potential assisted living owner operator to buy at a lower price point and not be deterred by the current state sanction. The success of this current Adult Care Home business is dependent on a new owner operator executing the mission of caring for older adults within the guidelines of state and local officials.
Offered at $875,000. Owner negotiable. Sale comes with land, facility and current Furniture, Fixtures and Equipment (FFE). Owner will cooperate with changeover in ownership. Buyer may make an offer contingent upon a new license (CHOW) being issued in a settlement agreement with the State of North Carolina to operate this facility.
Maple Heights is a licensed Adult Care Home (Assisted Living Facility) under a revocation of license order from the State of North Carolina. The facility continues to operate with 16 residents as of the time of this listing as they appeal the revocation order. This property has a Person County (NC) tax value of $950,000. This facility can be sold to an Adult Care Home owner/operator with a contingency that they will receive a clean license to operate upon a sale. Or, this facility can be sold for an alternative use. This older property does not have individual bathrooms in the rooms, but rather community baths/showers for its residents. The owner is motivated for a quick cash sale. This property is in distress but this is a good opportunity for a knowledgeable potential assisted living owner operator to buy at a lower price point and not be deterred by the current state sanction. The success of this current Adult Care Home business is dependent on a new owner operator executing the mission of caring for older adults within the guidelines of state and local officials.
Offered at $875,000. Owner negotiable. Sale comes with land, facility and current Furniture, Fixtures and Equipment (FFE). Owner will cooperate with changeover in ownership. Buyer may make an offer contingent upon a new license (CHOW) being issued in a settlement agreement with the State of North Carolina to operate this facility.
DATA ROOM Click Here to Access
PROPERTY FACTS Under Contract
ABOUT 2065 CHUB LAKE RD , ROXBORO, NC 27574
Effective Date of building per Person County, NC is 1993. Building is in good functional condition. No individual bathrooms. Facility has the same functional characteristics as many Adult Care Homes (assisted living facilities) around the state of North Carolina. This facility has accepted a high percentage of Medicaid residents.
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PROPERTY TAXES
| Parcel Number | 134-84 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,340,300 CAD |
PROPERTY TAXES
Parcel Number
134-84
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,340,300 CAD
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2065 Chub Lake Rd - Maple Heights Assisted Living
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