what to do with vacant nursing home with 28 rooms

what to do with vacant nursing home with 28 rooms

Investor · Wichita Falls, TX · Member since 2020 · 5 posts · 0 votes

I recently came across a vacant nursing home with brick exterior, pier and beam foundation 

on half the property and slab foundation on the rest of the property. it comes with about 6 full bathrooms

laid through out the East, South, and West wings of the facility, about 5 half baths, one main kitchen area, and a pantry/

partial kitchen area.  Can anyone specialize in this type of properties or maybe anyone out there who has dealt with similar deals 

please share advice/tips, thank you all!

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  • Kerry Noble JrPro Member
    Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
    4y

    Look into Veteran housing

  • Real Estate Broker · Staunton, VA · Member since 2019 · 194 posts · 216 votes
    4y

    My kids' daycare facility is an old nursing home that was retrofitted.

  • Nick BelskyBusiness Member
    Residential and Commercial Broker · Member since 2021 · 1k+ posts · 704 votes
    4y

    @Miguel Vazquez

    There are lenders out there who specialize in such properties and do them far better than other lenders.  These properties are used for a variety of businesses and one can get pretty creative.  I've seen such used for convent housing, hospice care, day care, rehab centers, after school care, etc... there are some limits to what they can be used for, but good lenders are very flexible with these kind of spaces.

    Cheers!

    Belsky Mortgage, LLC522 Reviews
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