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Listed by Bob Lucido • Keller Williams Lucido Agency

$7,800,000

Est. payment - /mo

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8,232 Sqft Lot

Active

3523 GLENMORE AVE Baltimore, MD 21206

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDBA2182090

Year Built 2014

Annual Tax Amount $13,608

Tax Year 2024

Lot Size 8,232 Sqft

Acres 0.19

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

This offering presents a unique opportunity to acquire seven assisted-living facilities along with the ongoing, fully furnished business operation. Built from the ground up by the current owners 15 years ago, the homes are being sold together as a complete package. Collectively, the facilities are licensed for 78 residents, with a current census of 56, reflecting 72% occupancy. Each community is certified with zero deficiencies and supported by a caring, attentive staff, providing meals and assistance with daily living activities in comfortable, park-like residential settings.

Current occupancy by facility is as follows:

411 Chapelgate Lane, Baltimore, MD 21229 (Pleasant Garden I) – licensed for 8, currently 5 residents

409 S Chapelgate Lane, Baltimore, MD 21229 (Pleasant Garden II) – licensed for 8, currently 4 residents

5426 Clover Road, Baltimore, MD 21215 (Pleasant Garden Clover) – licensed for 15, currently 12 residents

3603 Glenmore Avenue, Baltimore, MD 21206 (Pleasant Garden Glenmore) – licensed for 8, currently 6 residents

3711 Pinewood Avenue, Baltimore, MD 21206 (Pleasant Garden Pinewood) – licensed for 8, currently 8 residents (100% occupancy)

3523 Glenmore Avenue, Baltimore, MD 21206 (Afternoon Tea) – licensed for 16, currently 12 residents

6511 Rosemont Avenue, Baltimore, MD 21206 (Phoenix Rising) – licensed for 15, currently 9 residents

Location

State MD

County Baltimore City

Zoning R-4

Interior

Hot Water Natural Gas

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 4.0

Water Access N

Accessibility 36\"+ wide Halls, Chairlift, Mobility Improvements, Wheelchair Height Mailbox, Wheelchair Height Shelves, Other

Total Parking Spaces 4

Garage N

Building

Lot Description Backs to Trees, Landscaping, Partly Wooded, SideYard(s)

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0327035668C011

Ownership Fee Simple

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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3523 GLENMORE AVE Baltimore, MD 21206

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Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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3523 GLENMORE AVE