2601 Tandy AveFort Worth, TX 76103

For Sale
Call for price

80-unit vacant facility, high upside potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 69,454 square foot assisted living facility, situated on 3.6 acres in Fort Worth, Texas, presents a compelling investment opportunity. Built in 1982 and renovated in 2015, the property features two buildings encompassing 80 units with a total of 160 beds (40 semi-private and 40 private). The facility is currently vacant but holds a license for 160 beds, offering significant upside potential for expansion of services, increasing bed count, and aesthetic improvements. Pre-pandemic occupancy reached 88%, demonstrating strong historical performance. Recent renovations include a new roof, upgraded flooring, and an expanded walk-in freezer. Conveniently located at 2601 Tandy Ave, Fort Worth, TX 76103, this property benefits from its proximity to downtown Fort Worth (4 miles east) and a thriving job market fueled by major employers in Tarrant County. The property is zoned CF and includes resident amenities such as a lounge, dining area, commercial kitchen, offices, game room, and chapel. The significant growth of the senior population in the area, coupled with a post-pandemic shortage of senior housing, creates a strong demand for this type of facility. This turnkey asset is ideally suited for an owner-operator or investor seeking to capitalize on the burgeoning senior living market in a rapidly growing Texas city.

Highlights

  • 69,454 SF assisted living facility, 80 units (160 beds), Fort Worth, TX.
  • Currently vacant, licensed for 160 beds; 40 semi-private and 40 private units.
  • Located 4 miles east of downtown Fort Worth in a densely populated area.
  • Significant upside potential for service expansion, increased bed count, and renovations.
  • Amenities include resident lounge, dining area, commercial kitchen, offices, game room, and chapel.

Property Details for 2601 Tandy Ave

Property type
Retirement homes, Senior housing facilities
Square Feet
69,454 SF
Year Built/Renovated
1982/2015
Buildings
2
Lot Size (sq. ft)
156,816 SF
Units
80

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.7423217
Longitude
-97.2751487
2601 Tandy Ave, Fort Worth, Texas

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2601 Tandy Ave
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