Address
4187 Solomons Island Road, Harwood, MD
Price
$ 4,500,000
Property Attributes
- MLS#MDAA2083386
- TypeCommercial
- CountyANNE ARUNDEL
- CityHarwood
- Zip20776
- Style
- Year Built1976
- Taxes$ 17712
- Price$ 4,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage10430
- Lot Size3.27 Acres
Data Source:
Bright MLS
Property Description
Unique Investment Opportunity in the Thriving Senior Care Industry KW Commercial is pleased to present Country Home Assisted Living for sale (real estate and business). This 15-bed assisted living facility provides a home-like setting for its residents, including nine private rooms and six beds in three semi-private rooms. The lower level offers storage space and additional rental possibilities. Established in 1986, Country Home was the first assisted living facility in Anne Arundel County. The current owner has operated the facility since 2011. The facility has a license to provide Level 3 High Level of Care the highest level of care license available to assisted living facilities in Maryland. Its services allow residents to age in place. It also offers hospice services. Country Home is located on 3.27 acres with a sprawling lawn and mature trees in the back. The property offers easy surface parking steps from the front door. Easy access continues with all resident rooms located on the main floor. Surrounded by rolling hills, farms, vineyards, and stately single-family homes, Harwood has a country feel, but is just minutes away from Annapolis, Edgewater, Davidsonville and other Anne Arundel County locations. Amenities include a hair salon, game room, outdoor decks, TV room, and main-level kitchen. With its cozy interiors, comfortable furnishings, and beautiful setting, this facility exudes warmth and comfort. Residents and their families appreciate the inviting environment, which fosters a sense of community and well-being. With a reputation for excellence in senior care, this facility has established itself as a trusted provider in the local community. Its commitment to personalized care and attention to detail has garnered positive reviews and word-of-mouth referrals. Its reputation has meant consistently low vacancy rates. Owner needs to do little marketing and advertising. The facility offers significant value add opportunities. Possibilities include identifying additional income sources and trimming expenses without compromising the quality of the residents experience. For example, a new owner could: increase rates for several below-market rate rooms, institute regular room rate increases, charge for auxiliary services (such as hair salon services, incontinence supplies, and medication management), source more economical suppliers, review payroll and hiring practices to minimize overtime and make staffing more efficient, charge a non-refundable community fee for new residents, and/or lease the lower level at market rates. A new owner could also explore the potential for growth. The current owner has made many upgrades since acquiring the facility. Further upgrades could yield higher room rates and additional net operating income increases. For experienced investors, as well as those new to the senior care industry, the facility presents a rare opportunity to invest in a thriving assisted living business and desirable real estate. This turnkey operation offers the potential for significant returns and the satisfaction of providing essential services to an aging population.
| Price History | |
|---|---|
| 4/26/2024 | Listed $4,500,000 |
General Features
| Sewer | Septic Exists |
|---|---|
| Heating | Baseboard - Electric |
| Cooling | Central A/C |
| Possession | Negotiable |
| Zoning | RA |
| Construction Materials | Brick |
| Year Built | 1976 |
| Property SubType | Special Purpose |
| Tax Year | 2024 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Other |
| Accessibility | 32 + wide Doors,36 + wide Halls,Grab Bars Mod,Level Entry - Main,Roll-in Shower |
| County | ANNE ARUNDEL |
| New Construction | No |
| Property Type | Commercial Sale |
| Possible Use | Special Purpose |
| Water Access Y/N | No |
| Property Use | Owner User |
| Status | ACTIVE |
| Directions | From Annapolis,follow Solomons Island Road to Harwood. Property is on left side. |
| ModificationTimestamp | 2024-05-03T01:05:06 |
| City | HARWOOD |
| Buyer Agent Compensation | 2.5 |
| Total Units | 15 |
| Lot Size Square Feet | 142441.00 |
| Tax Assessed Value | 1608667.0 |
| Waterfront Y/N | No |
| Street Name | SOLOMONS ISLAND |
| Tax Annual Amount | 17712.0 |
| Price Per Sq Ft | 603.38 |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 8 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | HARWOOD ESTATES |
| Tax Lot | 2 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Total Stories | 2 |
| Heating Y/N | Yes |
| Street Suffix | ROAD |
| Central Air Y/N | Yes |
| Entry Level | 1 |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 10 |
| Type of Parking | Driveway |
| Land Use Code | C |
| Water View Y/N | No |
| Building Area Total | 7458.00 |
| Lot Size Acres | 3.27 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 750000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 10 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 20776
Price
Taxes
Visits
Year Built
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