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361 Leonard Rd 18,040 SF Health Care Building Offered at $954,562 CAD in Louisburg, NC 27549
Investment Highlights
- Senior Living Facility | Value-Add Opportunity - Previously licensed for 62 beds (license expired Dec 2024)
- Three wings, each with common area, bathing area, and office. Built-out layout for assisted living / senior care use
- NCDHHS walkthrough completed – items identified and correctable. Licensing path defined – sprinkler system required (~$1M)
- Two dining areas + full commercial kitchen
- Previously appraised at $3M (operational) Current County tax value: $2M. New roof completed – major capital already addressed
- Only 13 Minutes from downtown Louisburg and 35 Minutes to Wake Forest NC
Executive Summary
Raynor Realty, powered by REAL, is pleased to present 361 Leonard Rd, an 18,040 SF former senior living facility situated on 4.06 acres in Louisburg, NC.
Previously licensed for 62 beds, the property is fully built out for senior care use and offers a clear path for an experienced operator to restore operations or reposition as a behavioral health or rehabilitation facility.
Offered below replacement cost, the opportunity is priced to reflect required improvements, including installation of a fire sprinkler system to meet current licensing requirements.
With major capital items already addressed and a defined path to re-licensure, this presents a compelling value-add opportunity in a growing market with increasing demand for care-related services.
Previously licensed for 62 beds, the property is fully built out for senior care use and offers a clear path for an experienced operator to restore operations or reposition as a behavioral health or rehabilitation facility.
Offered below replacement cost, the opportunity is priced to reflect required improvements, including installation of a fire sprinkler system to meet current licensing requirements.
With major capital items already addressed and a defined path to re-licensure, this presents a compelling value-add opportunity in a growing market with increasing demand for care-related services.
Property Facts
1 1
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 012720 | Improvements Assessment | $2,522,732 CAD |
| Land Assessment | $235,083 CAD | Total Assessment | $2,757,815 CAD |
Property Taxes
Parcel Number
012720
Land Assessment
$235,083 CAD
Improvements Assessment
$2,522,732 CAD
Total Assessment
$2,757,815 CAD
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361 Leonard Rd
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