214 Prosperity Dr | Knoxville, TN 37923
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- LoopNet Team
214 Prosperity Dr
Knoxville, TN 37923
Income-Producing Assisted Living/Memory Care · Health Care Property For Sale
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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 | Property Size | 28,682 sq ft |
| Type of Ownership | Fee Simple | No. Beds | 63 |
| Property Type | Health Care | No. Floors | 3 |
| Property Subtype | Extra Care Housing | Year Built/Renovated | 1997/2016 |
| Costar Property Class | C | Tenancy | Single |
| Total Plot Size | 1.57 ac | Parcel Number | 119KA-01401 |
| Use Class | C-H-2 - Commercial | ||
| 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 |
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