Former Memory Care Facility
Office | 28,942 SqFt
Marketing description
Partners Real Estate is pleased to present 3000 Glacier Pass Lane, a 28,942-square-foot former memory care facility located in the rapidly growing Cedar Park submarket of the Austin MSA. Situated on 3.29 acres and offered at $5,400,000 ($187/SF), the property is priced well below replacement cost and assessed value, presenting a compelling repositioning opportunity. Built in 2015, the facility includes 48 beds (32 private, 16 semi-private), a full commercial kitchen, and on-site laundry, making it ideal for a variety of inpatient uses such as memory care, assisted living, skilled nursing, or rehabilitation. The building is currently vacant and benefits from a strategic location just off Parmer Lane, surrounded by dense residential neighborhoods and strong area demographics.
Investment highlights
Ideal for memory care, assisted living, skilled nursing, or rehabilitation use with full commercial kitchen and laundry on site. Furniture and Equipment included in sale.
Offered significantly below replacement cost and assessed value, there is strong upside potential for repositioning or lease-up.
Situated just off Parmer Lane and surrounded by dense residential neighborhoods, providing high visibility and built-in demand.
Located in one of the fastest-growing suburbs of Austin, Cedar Park has experienced rapid residential expansion, strong household incomes, and increased demand for healthcare and senior living services making it an ideal setting for a repositioned inpatient care facility.
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