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214 Prosperity Dr
Knoxville, TN 37923
Income-Producing Assisted Living/Memory Care · Health Care Property For Sale · 63 Beds

INVESTMENT HIGHLIGHTS

  • A 58-unit assisted living and memory care facility with 63 beds (Licensed for 75) currently occupied; recently renovated in 2016.
  • Significant value-add potential exists through approved plans for an additional 44-unit memory care facility on the adjacent lot.
  • Desirable demographics include over 10,000 residents over 65 and an average HHI above $92,750 within three miles of the property.
  • The professional staff is dedicated to stay in place if the new owner wishes.
  • Resident amenities include a theater room, a full-service salon with heated massage chairs, Wi-Fi, laundry facilities, and more.

PROPERTY FACTS

Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Health Care
Property Subtype Extra Care Housing
Costar Property Class C
Total Plot Size 1.57 ac
Property Size 28,682 sq ft
No. Beds 63
No. Floors 3
Year Built/Renovated 1997/2016
Tenancy Single
Use Class C-H-2 - Commercial
Parcel Number 119KA-01401
  • Listing ID: 28768830

  • Date on Market: 15/06/2023

  • Last Updated:

  • Address: 214 Prosperity Dr, Knoxville, TN 37923

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