Listed by Encore Real Estate Investment Services
$2,900,000
Addiction Recovery Care
Details
APN 049-40-00-022.00
Property Type Office
Sub Type Traditional Office, Medical Office
Square Footage 25,329
Units 1
Tenancy Single
Lease Type Net
Price per SqFt $118
Class B
Year Built 1950
Buildings 1
Acreage 3.250
Rehabilitation - Treatment Center - For Sale or Lease
Investment highlights
- 25,329 square foot rehabilitation/treatment center situated on approximately 3.25 acres of land
- Asking price: $2,990,000
- Property is currently vacant and available for immediate occupancy, repositioning, or redevelopment
- Former addiction recovery and rehabilitation treatment facility with extensive existing infrastructure already in place
- Brand new roof installed in 2025 at a cost of approximately $262,000
- New HVAC system recently installed throughout the facility
- Recent conversion to a coed layout with male and female restrooms located on each hallway
- Functional institutional-grade layout designed for residential treatment and healthcare operations
- Large facility suitable for rehabilitation, behavioral health, medical, office, educational, government, housing, or institutional use
- Existing medical/treatment improvements could significantly reduce buildout costs for a similar operator
- Ample on-site parking and large land area provide operational flexibility
- Located in Owenton, Kentucky, serving Eastern Kentucky and surrounding regional communities
- Positioned within close proximity to major regional roadways with accessibility to nearby population centers
- Owenton serves as the county seat of Owen County and is centrally located between Lexington, Louisville, and Northern Kentucky markets
- Strong long-term demand drivers for behavioral health, rehabilitation, and healthcare services throughout the region
- Opportunity for owner-user, healthcare operator, nonprofit, or value-add investor
- Flexible layout allows for multiple adaptive reuse opportunities
- Low basis on a price-per-square-foot basis relative to replacement cost
- Limited competition for large institutional-quality facilities in the immediate market
- E-commerce resistant real estate with healthcare and service-oriented use potential
- Potential upside through re-tenanting, repositioning, redevelopment, or conversion to alternative institutional uses
Listing Contacts
Listed by Encore Real Estate Investment Services
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