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19588601
19588596

418 N Rusk St, Wharton, TX 77488

CV
TX 822299
AMX Realty
Listed by AMX Realty
$900,000
684 days on market
Updated 60 days ago

Distressed/Former Assisted Living

Details
Property Type Senior Living
Sub Type 1-3
Square Footage 32,863
Beds 80
Price per SqFt $27
Broker Co-Op Yes
Class C
Year Built 1938
Acreage 2.136
Investment Type Value Add
Sale Condition Distressed

80-unit Assisted Living

Marketing description

Discover a unique investment opportunity at 418 N. Rusk, Wharton, TX—a former 80-unit assisted living facility brimming with redevelopment potential. Centrally located in the heart of Wharton, this property is perfectly positioned near key amenities such as healthcare services, retail centers, and major transportation routes.

This distressed property presents an ideal canvas for visionary investors. Whether you’re considering conversion into multifamily housing, senior living, or a specialized healthcare facility, the possibilities are vast. The existing infrastructure offers a foundation that can be repurposed, potentially lowering redevelopment costs while enhancing overall returns.

With the growing demand for senior services and limited competition in the market, this property is poised for success. Additionally, the distressed nature of the asset allows for acquisition at a competitive price, offering significant upside through renovation and repositioning.

This property not only holds the promise of high yield and appreciation but also the potential to contribute to the revitalization of Wharton’s downtown area, making it a win-win for investors and the community alike. Don’t miss out on this chance to transform 418 N. Rusk into a profitable and impactful development.

Investment highlights

  1. Redevelopment Potential:

    • Former 80-unit assisted living facility, ideal for conversion into senior housing, multifamily, or healthcare.

    • Significant value-add opportunity through renovation and repositioning.

  2. Strategic Location:

    • Centrally located in Wharton, near healthcare, retail, and transportation.

    • Growing demand for senior and healthcare services in the area.

  3. Cost-Effective Investment:

    • Distressed pricing offers a lower acquisition cost with potential for high returns.

    • Existing infrastructure can reduce redevelopment expenses.

  4. Market Advantage:

    • Limited competition in senior living or healthcare sectors.

    • Potential eligibility for economic incentives or tax benefits.

  5. Future Income & Community Impact:

    • High rental income potential post-redevelopment.

    • Contributes to local revitalization and job creation.

Listing Contacts

CV
TX 822299
AMX Realty
Listed by AMX Realty

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Additional Information

Name
Cindy Vo
License
822299
Brokerage
AMX Realty
Brokerage Phone
9728789026
Title
Sr. Commercial Advisor
Brokerage Address
1721 West Plano Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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