The Charleston Senior Community | Washington MSA

*Sale is subject-to Court Approval

Property tours will be conducted on April 6th and April 7th. Tours are by appointment only. Please contact the listing broker to schedule. Do not visit the property without prior authorization.

Investment Highlights

• 168-Unit Vacant Senior Living Community – Former assisted living and memory care community totaling ±107,983 SF across two three-story buildings on ±6.2 acres in Waldorf, Maryland.
• Flexible Redevelopment & Repositioning Opportunity – Recently vacated asset offering optionality for continued senior housing operations, healthcare conversion, or adaptive reuse, subject to zoning and court approval.
• Prime Retail-Adjoining Location – Directly adjacent to St. Charles Towne Center and positioned just off U.S. Route 301 (Crain Highway), Waldorf’s primary commercial corridor with immediate access to national retailers, restaurants, and healthcare providers.
• PUD Zoning – Multiple Pathways to Value Creation – Located within a Planned Unit Development district, allowing for a range of potential redevelopment scenarios.
• Washington, D.C. MSA Connectivity – Approximately 29–30 miles from Washington, D.C., within a commuter-oriented suburban submarket serving as Southern Maryland’s commercial hub.
• Strong & Growing Senior Demographics – 65+ population projected to grow 23% and 75+ population projected to grow 26.4% over the next five years, supporting long-term demand fundamentals.
• Receiver Sale – Fee Simple, Unpriced – Marketed unpriced via auction process and subject to court approval.

Offering Summary 

Walker & Dunlop Investment Sales, in conjunction with RealINSIGHT Marketplace, is pleased to present The Charleston, a 168-unit vacant senior living community and redevelopment opportunity located at 45 Saint Patricks Drive in Waldorf, Maryland. The ±107,983-square-foot property spans approximately 6.2 acres and consists of two three-story buildings situated within a Planned Unit Development (PUD) zoning district in the heart of Waldorf’s primary retail and commercial corridor.

Most recently operated as an assisted living and memory care community (141 AL units / 27 MC units), the property offers investors the opportunity to reposition, redevelop, or repurpose the existing improvements to align with evolving market demand. Originally constructed in 1979 (with subsequent renovations), the improvements provide scale, infrastructure, and entitlement flexibility within an established suburban location.

The asset benefits from immediate adjacency to St. Charles Towne Center and proximity to national retailers, healthcare facilities, and dense surrounding residential neighborhoods. Waldorf serves as a key commercial hub in Southern Maryland, supported by steady household growth, rising median incomes, and expanding senior demographics. Located approximately 30 miles from Washington, D.C., the property offers strong regional connectivity via U.S. Route 301 and Maryland Route 5.

The Charleston represents a rare opportunity to acquire a large-scale, vacant senior housing asset in a supply-constrained suburban submarket, offering multiple strategic pathways for value creation through operational restart, healthcare conversion, or broader adaptive reuse.