Eastern Shore Real Estate LLC
Eastern Shore Real Estate LLC
Listed by Eastern Shore Real Estate LLC
$2,550,000
5307 Elburn Lane
Details
APN 030005; 05-030005
Property Type Office, Senior Living
Sub Type Medical Office
Square Footage 6,273
Units 1
Class B
Year Built 2007
Acreage 8.680
Zoning CARRR
Investment Type Value Add
Office | 6,273 SqFt
Marketing description
5307 Elburn Lane presents a compelling assisted living investment in Maryland’s Eastern Shore, offering immediate operational scale through approved bed expansion. The property currently supports 8 licensed beds, with approved plans to double capacity to 16 beds, significantly enhancing revenue potential without the delays or uncertainties of zoning or permitting. Positioned on ±8.68 acres, the site provides a quiet, residential setting ideal for senior care, while remaining accessible to Rock Hall, Chestertown, and regional healthcare services. The combination of existing operations, expansion approval, and limited competitive inventory makes this offering well-suited for both owner-operators and strategic investors.
Traffic/Accessibility: While Elburn Lane itself is a low-traffic residential road, the property benefits from access to MD-20 / Rock Hall Road, the primary arterial serving Rock Hall and Kent County.
MD-20 (Rock Hall Rd): Annual Average Daily Traffic (AADT) counts reported by MDOT for nearby segments typically range 4,000–6,000 vehicles per day (seasonality influenced by tourism)
Investment highlights
- Licensed Assisted Living Facility with 8 existing beds and approved plans for 8 additional beds, allowing immediate scale to 16 total beds
- Value-Add Expansion Opportunity – Capacity approved without zoning or entitlement risk, materially enhancing NOI potential
- ±8.68-Acre Campus Setting offering privacy, outdoor amenities, and long-term operational flexibility
- Purpose-Built Improvement (2007) tailored for assisted living use with established operating history
- Attractive Small-Scale Senior Housing Model – High demand, limited regional supply, and favorable operator economics
- Eastern Shore Market Tailwinds – Aging demographics and constrained assisted living inventory in Kent County
- Ideal for Owner-Operator or Platform Expansion – Plug-and-play facility with upside through bed expansion
- Proximity to Rock Hall & Chestertown with access to healthcare services, retail, and community amenities
- Lot Size Sqft :378,101 sq ft
Listing Contacts
Eastern Shore Real Estate LLC
Eastern Shore Real Estate LLC
Listed by Eastern Shore Real Estate LLC
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