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Low Opening Bid, $150K! - 52-Unit Former

Thu Oct 14 - 02:00PM


17405 & 17425 Lankford Highway, Plus 9.6+/- ac on Gargatha Landing Rd, Parksley, VA Click to Map


Tranzon Fox

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Low Opening Bid, $150,000 - Former 52-Unit Healthcare Facility Plus 9+/- Additional Acres Multi-Purpose Former Medical Facility Located On Busy Lankford Highway On The VA Eastern Shore! Excellent Opportunity for Residential Care, Drug Treatment, Transitional, or Affordable Housing Deed Restriction on Senior Living Facilities Approximately 52+/- Additional Acreage Offering 15 minutes away from the facilities! (see Auction FX1980) Located on the quiet Virginia Eastern Shore, these two combined 33,000+/- sq ft healthcare facilities formerly operated as a 52-unit, 60-bed skilled nursing and 42-bed assisted living community. Presently vacant, these facilities as of August 15th, 2019 are restricted from, the use of the Property such that for a period of thirty (30) years from the Effective Date, the Property shall not be developed, owned, or operated as a Senior Living Facility. With a deed restriction in place, the convenient layout lends itself to a variety of other uses for both medical and investment purposes such as residential care, drug treatment, transitional, or affordable housing. Adjacent to the facilities is approximately 9.6 +/- additional acres broken down into three parcels that are to be sold in conjunction with the buildings. Parcel Tax Map # 2020 Tax Assessment Lot Size 17405 17425 Lankford Hwy 69-A-79 $2,498,600 6.33+/- ac LOT E 69-9-E $ 40,500 3.24+/- ac LOT F 69-9-F $ 40,700 3.30+/- ac LOT G 69-9-G $ 39,700 3.06+/- ac EASEMENT 69-9-RD00 $ 500 0.38+/- ac $2,620,000 16.31+/- ac Please be sure to download the Property Information Package by clicking on the words above under DOCUMENTS. By downloading this package you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction. A signed Confidentiality Agreement is required to download. License Number: VAAF423

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