1234 Main StSteelton, PA 17113

For Sale
$2,600,000

High-Yield 30-Bed Senior Housing

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 30-bed assisted living facility, situated on a 5.7-acre lot in Dauphin County, Pennsylvania, presents a compelling investment opportunity. The 16,200 square foot, single-story building, constructed in 1952, boasts a strong 13.62% capitalization rate and a Net Operating Income (NOI) of $354,164, with an asking price of $2,600,000. Currently operating at 96% occupancy (April 2023) with a waiting list, the facility features 18 units and averages $4,128 in monthly rental rates, below market average, offering significant upside potential for increased revenue. Conveniently located near Interstate 81 and Route 30, this property benefits from high visibility and accessibility. The property accepts Supplemental Security Income (SSI) for eligible Pennsylvania residents on a limited basis. The current owner is willing to assist with the transition, if desired, and the experienced staff contributes to the well-maintained facility and consistent performance. The large lot allows for potential future expansion. Zoned commercial, this turnkey operation is ideally suited for both seasoned and new senior housing investors seeking a stable, high-performing asset in a strong market. Market data indicates robust demand for assisted living in the immediate area.

Highlights

  • Seller open to assisting with transition.
  • Excellent condition; experienced management team in place.
  • Prime location near hospitals and major transportation.
  • Stable occupancy and strong NOI.
  • Significant land for future development.

Property Details for 1234 Main St

Property type
Retirement homes, Senior housing facilities
Square Feet
16,200 SF
Year Built
1952
Buildings
1
Stories
1
Lot Size (sq. ft)
248,292 SF
Units
18

Location Insight

City
Steelton
County
Dauphin
State
Pennsylvania
Latitude
40.2395455
Longitude
-76.8141851
1234 Main St, Steelton, Pennsylvania

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1234 Main St
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