1031 DETROIT AVE Kingman AZ 86401-6811

1.6 acres of land along with ample parking for residents and guest. The property is zoned C-2 and not only allows for assisted living use, but also public assembly, congregate care facilities, nursing home, sheltered care homes, day care centers and homes, multifamily dwelling, group homes, custodial care facilities, homeless shelter (with CUP), public or private schools (with CUP), laboratories, bed & breakfast, funeral homes and mortuaries, veterinary clinics, etc.​ Please see the City of Kingman Zoning Code

• This property is being offered for sale with an asking price of $2,100,000 and has exceptional upside income potential along with a listing price far below replacement cost and sales comparables in the area. A selected buyer will acquire a 49-room, 51-bed facility at $41,176 per bed, which provides a buyer tremendous upside at stabilization. This investment opportunity has the potential to afford a buyer an opportunity to create significant value through lease-up, rental growth and improved operations with a much lower risk profile than new development. This is an opportunity to acquire a strategically located and well-established facility in a historically stable market with a value-add component.