2415A-2415B-2441 S Center St - 2415 A, B, & 2441 S Center St 9,928 SF Health Care Building Offered at $4,478,684 CAD at a 11.37% Cap Rate in Hickory, NC 28602

Unlock a $50M Asset: High-ROI Senior Living Expansion Opportunity (Hickory, NC). Offered with seller financing. 1031 exchange accepted.
This is a strategic development play. For an additional investment of just $4–$6 million, this recently renovated 17-bed Assisted & Independent Living facility can become a $50 million property generating $4 million annually. Pre-approved expansion plans allow you to add 61 beds, creating a 78-bed campus of high-end ranch-style units overlooking the river with direct waterfront boardwalk access. The final campus will include 18 Independent Living, 36 Assisted Living, and 24 Memory Care beds. All developable land is now out of the FEMA floodway, and a new grading plan is approved.
A Market Poised for Growth
North Carolina is one of the most promising senior care markets. Hickory's rapidly aging population and steady influx of retirees make it ideal for high-quality assisted living. Demand continues to outpace supply, and families increasingly seek premium alternatives to in-home care. This imbalance ensures strong occupancy rates, waiting lists, and long-term stability. Hickory's affordability, access to two major hospitals, and desirable quality of life make it a magnet for seniors. As the baby boomer generation ages, facilities offering upscale, personalized care in a stunning setting will capture disproportionate market share.
Turnkey Operations + Flexible Investment
The business is included in the purchase price and comes fully staffed with qualified, experienced professionals ready to run the facility today. Current operations include all private-paying residents, with Medicaid billable for ALF units. Investors have three options: full acquisition, equity partnership, or development loan co-signing in exchange for equity. Seller financing is available.
This rare combination of immediate profitability, pre-approved expansion, strong market fundamentals, and a turnkey operation creates an unmatched opportunity. Serious investors, review financials and expansion plans—confidentiality required. Act now.
For the property video, click here: https://listings.nextdoorphotos.com/vd/220691471