Developer · Los Angeles, CA · Member since 2013 · 32 posts · 1 vote
Hello,
I purchased a vacant old nursing home that is in a low income area of the Dallas / Fort Worth area. The place has 30+ Rooms and is over 15,000 square feet. I was going to convert this 1950's building to an assisted living facility, but it looks like it will cost too much without any guarantee that the operation will be successful. I'm now looking into alternative uses for the building.
I was wondering if anyone had any ideas. Keep in mind it looks just like a little hospital / old nursing home. Big doors, big hallways. Other things i have considered are developmentally disabled housing (don't know anything about), veteran housing (know very little), homeless children, special needs (don't know much)... I have the building, now i need to perhaps figure out a good business plan for one of the above or perhaps find someone who knows how to write government grants.... The area is low income and i'm sure there are programs.
Since you have a building and no idea what to do with it, perhaps you should partner with someone who has a plan but can't afford a building. Try to find the jelly to your peanut butter.
You have 30 rooms. Why not turn it into a mini office building. During one of the podcast someone spoke of buying a building (12000 sq ft I think) with the plans of leasing the entire bldg. to one entity. They couldn't find a business to lease to so they broke it into small offices supplied hi speed cables phone lines etc. I believe Joshua Dorkin said he once worked out of a similar set up. These guys would even rent you desk space parts of the hallway.
Check with the City's Planning Department. What have they budgeted for 2015 that you could help them with? Maybe it could be a park for everyone to enjoy or maybe just a parking lot - after demolition of course.
Hi Rav, what did you end up doing with the building. I am looking to convert a former nursing home into a residential property. Any tips or feedback would be appreciated.
hi just checking in to see if there was ever a solution found or if anyone else has ran across a similar situation? i have a lead on a vacant nursing home, brick exterior, 28 rooms, half the building sits on slab and the other half on pier and beam. any advice or ideas?