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452 Ossie Davis Pky 19,300 SF Health Care Building Offered at $2,791,840 CAD in Waycross, GA 31501

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INVESTMENT HIGHLIGHTS

  • Licensed 24-bed personal care home with over 30 years of continuous operation
  • Located minutes from Memorial Satilla Health and Waycross-Ware Airport
  • Strong cash flow with NOI of $251,347.60 (current) and projected over $351,000 at full occupancy
  • Turnkey opportunity with real estate, business, staff, and expansion potential included

EXECUTIVE SUMMARY

This established, licensed 24-bed personal care home has been in continuous operation for over 30 years and includes both the real estate and the operating business—all in one turnkey package. The ±19,300 square foot single-story facility sits on ±1.26 acres and was purpose-built for senior care, offering a fully compliant, ADA-accessible layout that includes private and semi-private rooms, large dining and activity areas, administrative offices, and a commercial kitchen. The property was renovated in 2003 and is fully sprinkled and code-compliant, supporting continued or expanded operations. While currently licensed for 24 beds, the facility has room to accommodate 30+ residents, making it an excellent value-add opportunity for investors or operators looking to grow. The current cash flow is strong. With 21 residents in place at a Medicaid reimbursement rate of $33,505.60 per resident annually, the facility generates $703,617.60 in gross revenue, with actual operating expenses of $452,270.00, resulting in a net operating income (NOI) of $251,347.60. At full capacity with 24 residents, the projected NOI exceeds $351,000, and further upside is achievable with bed expansion. A dedicated, qualified staff is already in place, allowing for seamless ownership transition and immediate income. Located along Ossie Davis Parkway with close proximity to hospitals, pharmacies, and healthcare providers, the facility serves the Ware County region and is well-positioned for long-term demand in senior housing, behavioral health, or transitional care. The property’s unzoned classification offers flexibility for various care models beyond traditional assisted living. Seller financing may be considered, pending credit review, with an example structure of $500,000 down at 5% interest. A $1.5M loan amortized over 20 years would equate to an estimated monthly payment of approximately $9,899—well-supported by current NOI and delivering strong DSCR performance. This is a rare chance to own a performing healthcare business with real estate, strong cash flow, expansion potential, and a solid operational foundation. Financials are available with a signed NDA. For more information or to schedule a private tour,

PROPERTY FACTS

Price $2,791,840 CAD
Price Per Bed $93,061 CAD
Sale Type Investment or Owner User
Property Type Health Care
Property Subtype Assisted Living
Building Class C
Lot Size 1.26 AC
Building Size 19,300 SF
No. Beds 30
No. Stories 1
Year Built/Renovated 1954/2003
Opportunity Zone Yes
Zoning UNZONED UR

AMENITIES

  • Wheelchair Accessible

ROOM MIX INFORMATION

DESCRIPTION NO. BEDS
- 30

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WA1502-090
Land Assessment
$53,457 CAD
Improvements Assessment
$538,731 CAD
Total Assessment
$592,188 CAD
  • Listing ID: 36332724

  • Date on Market: 2025-06-20

  • Last Updated:

  • Address: 452 Ossie Davis Pky, Waycross, GA 31501

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