Address: 4207 E State Road 64, Bradenton, Florida, US
Created date: April 25, 2024
Date last updated: April 26, 2024
- 79 Unit Senior Living Facility
- 56 (45 one-bed, 11 two-bed) Assisted Living Beds
- 34 (33 one-bed, 1 two-bed) Memory Care Beds
Property Description
Colliers and Hilco Real Estate (HRE) is pleased to offer qualified investors an opportunity to purchase Harmony Palms, a two-story, 90-bed assisted living facility with secured memory care wing. The two-story structure is incomplete. Building’s outer walls, roof, windows, inner wall framework, wiring, and plumbing are all finished, bringing the building to 85% completion. Building construction has been halted due to non-property-related issues with the prior developer, leaving the asset unoccupied. This unusual situation provides investors with a one-of-a-kind opportunity to complete the remaining development and stabilize the property at a price reflective of its inactive state.