1163 W Canal Rd, Hatch, NM 87937
Commercial property for lease
- Description
- The market demand and growth rate for senior related services is in demand anywhere you go. The Assisted Living industry is most notably taking off and has been for some time. However, other opportunities also exist in skilled nursing and memory care as the baby boomer population grows. This investment scenario truly has the ability to make your opportunities more value and integrate a wide variety of senior related services. The location itself is a 15 Bedroom & 15 Bath fully operational assisted living facility with sound revenues and annual income. It is also certified for skilled nursing if desired. The layout would also lend itself to the addition of memory care services if desired. They currently offer 10 private rooms generating $2,500 per month per resident and 5 shared rooms generating $3,000 per month. It is one of the few local area facilities with full Medicaid credential and reciprocates with all the major area insurance carriers including Blue Cross & Blue Shield, Presbyterian Health Care, United, and Molina. Due to the superior staff, high level of service and other factors, it has done an outstanding job attracting residents from rural areas in close proximity, Truth or Consequences and beyond. It's unique location makes it very convenient for those who choose not to make the drive to larger markets such as Las Cruces and El Paso. It truly has a personal and local touch. An assumable loan is also available with favorable terms and a modest interest rate. The overall site layout also lends very well for a wide variety of expansion options and the ability to add services of multiple types. This truly could be an opportunity to capture a unique customer audience and grow revenue substantially. Give us a call to discuss.
- Exterior Features
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Parking Type: Surface - Contact info
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Kary Bulsterbaum
- Note
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- Property Details
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Property Type: Commercial (Other) Status: Available Price: $ 1,430,000 Number of Stories: 1 Year Built: 2010 Submarket: Health Care/Medical, Senior Housing, Other MSA: Las Cruces Zoning: HATCH INCORPORATED ZONING Buildings: 1 Construction: Stucco Terms: Cash to Seller Added: 12/16/2017