Atmore, AL- NEW PRICE! RARELY available, Turn-Key, Stabilized Assisted Living Facility! Motivated seller is willing to look at offers. The Summit of Atmore is an 18,288+/- sq.ft., single-level structure on a 5.27+/- acre site with 25 parking spaces. The seller has provided a 2018 appraisal showing $2,850,000 for your viewing. The building consists of 24 units/rooms with 28 beds and offers residents 4 types of rooms in a semi-private or private setting.. Included in the sale are all fixtures, furnishings, and equipment. A large, natural gas generator cuts on in 6 seconds and is tested weekly with a log kept on it. All electrical equipment has been updated to hospital electrical. Prime opportunity to buy and run your own assisted living facility!
The total demand is 322 Assisted Living units today growing to 421 in 2026 in the PMA, a 30.74% increase. The above-average occupancy rate of 67...
The total demand is 322 Assisted Living units today growing to 421 in 2026 in the PMA, a 30.74% increase. The above-average occupancy rate of 67% at this facility is attributed to the 24-hr staff assistance, medication assistance, housekeeping & laundry services, and transportation to local doctor's appointments & shopping allowing for maximum functionality and affording residents a sense of independence.
The community layout is a one-story assisted living residence with entry located on the north side of the improvements. From above, the building has an "H" shape design with 2 parallel hallways connected by a central common area. The central common area includes the main dining room, sitting area with a large fireplace, kitchen, offices, and activity areas. Resident halls are identical with 12 units lining either side of each unit. At the rear of the community is a covered patio and courtyard with a woodland view. The site is comprised of two parcels, is irregular in shape and its terrain is level. Characteristics include 330 ft of road frontage on McRae St which is a 2-way paved road, paved drives, walkways, landscaping, and site signage.
The Summit has a wonderful central location, with medical offices, hospitals, grocery stores, shopping, and banks all within convenient proximity. Residents can enjoy individual privacy, or socialize with others during the three meals served daily in a family-style setting in the dining room, or one of the activities from a complete activity program. Additional amenities include: licensed nurse on-site 7 days a week, a Dietary Specialist, Respite care, high-speed internet, and basic utilities. Each room has a kitchenette, 32-inch flat-screen TV with cable access, telephone access, an individual thermostat, ample closet space, storage spaces, and a private bath. All bathrooms have an easy access shower, 24-hr night light and grab bars.
The Summit of Atmore offers both long-term assisted living and short-term respite care and continues to exhibit strong performance by consistently increasing occupancy over the trailing months. This established community offers investors the ability to purchase an exceptional value-add property with opportunistic returns. Financial will be provided once a letter of approval is presented and confidentiality agreement is signed.
Contact Patty Helton Davis at (251) 294-2057 or (850) 380-1562.
Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel InformationFrom Downtown Atmore, AL: Head South on S Main St/AL-21. Then 1.05 miles turn left onto McRae St. Then 0.07 miles 140 MCRAE ST is on the right.
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