- For Sale $1,500,000
- Property Type Other
- Property Size 6,290 SF
- Units 14
- Lot Size 2.56 Acre
- Property Tenancy Multi-Tenant
- Year Built 1997
- Year Renovated 2019
- Date Updated Sep 3, 2026
Description
Senior housing facility in Arnoldsville, Georgia, approximately 10 miles southeast of the University of Georgia and downtown Athens, in a quiet exurban setting with access to regional medical hubs.The Senior Housing Group at Bull Realty is happy to present an exceptional investment opportunity at 109 Meyer Farm Road in Arnoldsville, Georgia, this 14-unit, 24-bed Personal Care Home is perfectly positioned to serve the region’s growing demographic. Built in 1997 and renovated in 2019, the ±6,290-square-foot facility sits on a ±2.56-acre site and features a professional kitchen, a dining room, and full bathrooms in every unit. Currently operating as Rainbow Retirement & Assisted Living, the property offers a stable, supportive environment approximately 10 miles southeast of the University of Georgia and downtown Athens. This prime location allows residents to enjoy a quiet exurban setting while maintaining proximity to major medical hubs and community amenities.
Beyond its current use as a licensed personal care facility, this property offers incredible upside and flexibility. Because the site is unzoned, there are no restrictive zoning barriers, presenting a unique potential for conversion to a Drug Treatment center. Furthermore, the facility is highly accessible for families, staff, and traveling professionals, located just 84 miles from the Atlanta Airport. Whether acquired by an owner-operator to expand a senior housing portfolio or repositioned for specialized behavioral health care, this asset provides a rare blend of existing infrastructure and strategic potential.
Highlights
- Excellent Accessibility: The property is situated conveniently 84 miles from the Atlanta Airport, ideal for out-of-town families and corporate staff.
- Fully Equipped Infrastructure: The building includes a professional commercial kitchen equipped with a hood system, a dedicated dining room, and full private bathrooms in all 14 units.
- Licensed Care Capacity: The asset is licensed as a 24-bed Personal Care Home and features 14 rooms, which include 11 shared suites and 2 private suites.
- Strategic Location: Located roughly 10 miles southeast of the University of Georgia and downtown Athens, providing close proximity to major regional medical centers like Piedmont Athens Regional.
- Strong Demographic Demand: The facility is surrounded by a mature, wealthy 55+ population within a 10-mile radius possessing an average net worth of $549,000, heavily supporting private-pay care models.
- Turnkey Facility: The ±6,290-square-foot building was originally constructed in 1997, recently renovated in 2019, and remains in good condition.
- Unzoned ±2.56-Acre Site: The property offers rare flexibility for continued use as a senior care facility or immediate potential for conversion to a Drug Treatment center without zoning hurdles.
- Value-Add Financial Upside: The investment boasts a projected Year 1 Cash-on-Cash return of 11.20%, and a 5-Year Leveraged IRR of 39.26%.
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Contacts
Ernie Anaya, MBA
Bull Realty
Location
Contact Listing Broker
Ernie Anaya, MBA
Bull Realty
