TOTAL DELINQUENT PROPERTY TAXES DUE WITHIN 5 DAYS OF AUCTION SALE IN THE AMOUNT OF ±$205,000. Delinquent and current year taxes will have to be assumed by buyer.
Property tours are available by appointment ONLY. Please contact Eva Horton to schedule at ehorton@ngkf.com or 770-552-2404.
Investment Highlights:
Absolute Auction - 1st Bid meets Reserve!
Delinquent and current year taxes will have to be assumed by buyer
±34,067 SF former nursing home with 85-beds suitable for variety of uses
Owner-operator opportunity or value-add through lease-up at market rates or redevelopment
Expansive, lush, infill site that is walkable to schools and downtown
Aging population is generating demand for senior services (65+ accounts for 14.85% of population)
Only 1 block from Cambridge Springs elementary/junior/senior high school complex
Investment Overview:
The Former Golden Living Center is a vacant former nursing home located at 110 Canfield Street in Cambridge Springs, PA. In addition to its use as a nursing home, the Property would be ideal for a variety of uses including medical offices/clinic, retirement community, assisted living, nursing school, religious retreat, halfway house, psychiatric facility, residential development, etc. This Property offers investors the opportunity to purchase this vacant building at a significant discount with a huge value add opportunity.
This now vacant former nursing home is an 85 bed, ±34,067 SF facility on an expansive and lush ±2.57 acres. This Offering contains two parcels and the Property occupies an entire maturely landscaped parcel across Dale Avenue in a pleasant residential area. The Property is located within walking distance and only one block east of the Cambridge Springs elementary/junior/senior high school complex and a ½ mile from Cambridge Springs Health Center.
The Property has approximately 6,511 individuals residing within a five-mile radius of the property and an average household income of ±$64,750. The aging population is generating demand for senior services, and there is a dense senior presence in the community with a 2017 Population of ±967 people over the age of 65+ which accounts for 14.85% of the overall population within a 5-mile radius.
The Former Golden Living Center is located in Crawford County which is centrally located within an easy drive from the Cleveland, Columbus and Toledo metropolitan areas and is a designated Foreign Trade Zone. The county of Crawford offers interstate-quality highway access, abundant skilled labor, extensive training resources, low operating costs, and a pro-business climate second to none. Cambridge Springs is located in north-central Crawford County ±25 miles south of Erie, ±7 miles southwest of Edinboro University of Pennsylvania, and ±12 miles north of Crawford’s County seat, Meadville. Crawford County has a rich agricultural and manufacturing heritage, and offers a relaxed and affordable quality of life a short drive from Edinboro University and convenient access to major metropolitan centers such as Erie and Pittsburgh.
This absolute auction opportunity gives potential investors the ability to acquire a vacant former nursing home at significant discount with huge value-add opportunity through lease-up to operator or through redevelopment to maximize highest and best use. This property will be auctioned on Monday, October 9 - Wednesday, October 11 . The price displayed is the starting bid amount of $1. For information and to register to bid on this property, please visit Ten-X.com.