$1 Auction - Former Skilled Nursing Facility | ±32,531 SF | 97 Beds

Starting Bid $1

• Former ±32,531 SF skilled nursing / rehabilitation facility situated on approximately 2.69 acres in Richwood, West Virginia.
• Institutional-scale layout with 97-bed configuration, offering potential reuse for healthcare, behavioral health, senior housing, group housing, nonprofit, municipal, educational, or adaptive commercial uses.
• Large single-story institutional footprint with multiple building wings, surface parking, and a low building-to-land ratio for operational flexibility
• Low-basis value-add opportunity for an investor, owner-user, or redevelopment buyer seeking substantial existing improvements at a fraction of replacement cost.
• Scenic Appalachian location in Richwood, a gateway community to the Monongahela National Forest, Highland Scenic Highway, Cranberry Wilderness, Gauley River, and Cherry River recreation areas.
• Absolute $1 Auction – NO RESERVE!

Marcus & Millichap is pleased to present a rate opportunity to acquire a vacant, former skilled nursing and rehabilitation facility located at 18 4th Street in Richwood, West Virginia (the “Property”). The Property includes approximately 32,531 square feet of improvements on 2.69 acres, with a reported 97-bed configuration, single-story layout, municipal utilities, and 63 surface parking spaces. The existing institutional footprint may offer compelling adaptive reuse potential for healthcare, behavioral health, senior care, group housing, nonprofit, municipal, educational, or other community-serving uses, subject to buyer verification and required approvals.

Richwood, West Virginia is a small Appalachian submarket in Nicholas County that is best understood as a rural healthcare and service hub for the surrounding mountain region. The city sits along Route 39/55 at the edge of the Monongahela National Forest, with regional visibility tied to tourism, outdoor recreation, and its role as a local access point for surrounding communities. For a vacant skilled nursing facility investor, the market is notable because healthcare and social assistance is one of Nicholas County’s largest employment sectors, supporting the relevance of medical and care-related real estate even in a small-town setting. The Property is located within a trade area of ±7,296 residents with an average household income (AHHI) of ±$55,584 within 10 miles. The asset offers a low-basis repositioning opportunity for buyers seeking scale, infrastructure, and optionality in southern West Virginia.