$2,750,000 Care Facility 276 Fountain Lane, Kimberling City, MO 65686 (Kimberling City)

Fountain Ln, Kimberling City, MO 65686

Care Facility 276 Fountain Lane, Kimberling City, MO 65686 1 thumbnailCare Facility 276 Fountain Lane, Kimberling City, MO 65686 2 thumbnail
Fountain Ln near Joe Bald Rd

google map

This 41,373 Sq Ft Health Care Facility was all current and in operation up until December of 2020. It consists of 60 total rooms, plus hallways and common areas for laundry, kitchen, and dining/reception areas. It was leased prior to Covid for approximately $32,000.00/month. In December of 2020 the lease expired, so when Covid hit, it was not renewed. Prior ownership elected to close the facility, and the property was offered for sale in conjunction with the residential units that surround the property. The care facility and parking area lies on Lot 18 (6.2 Acres according to the Tax Map) of Table Rock Village, which sits on the end of Fountain Lane, a County Road. County Maintenance takes care of the access road right up to the Mailbox. The East wing has full bathrooms in each room. The rest of the facility has common area bath/shower areas just like most nursing Care Facilities. This would work well for many other uses: a Drug Rehabilitation Center, Restaurant area on the front, Monthly rentals, etc. Motel but an exemption would be required as Stone County is currently prohibiting nightly rentals. Possible short term owner financing (lease option to purchase) with adequate down. Facility and the land it sit on is now offered at a 13% cap rate based upon the prior known market rent amount of the facility. Includes all personal property and necessary equipment on site. Buyer agent fees of 2% included for any licensed realtor assisting their buyer procure this property.

Price: $2,750,000.00 Total

Built in 1981 with a new addition and renovations in the Front Dining/Reception area constructed in 2007
Water/Sewer shared with adjacent properties: A well and sewer share agreement will be included with the property to comprise of 50/50 of the operational expenses and maintenance to be shared with the Adjacent neighbor residential properties who are benefiting.
Outflow permits: The MO DNR outflow permit for the hot water boiler has been temporarily modified due to the functional obsolescence of the Boiler Hot water heating system. Each room should have its own Heating and Cooling and several of the common areas are already set up with their own current HVAC. This is a temporary modification to the permit, and I understand it can be put back in place (there is a process) to any prospective purchaser interested or needing this permit. Permit numbers can be provided for the facility and discussions with the MO DNR are encouraged as part of any buyer’s due diligence.
Generator and Transfer Switch: A 80 KW propane powered generator and automatic transfer switch is included with the property.
Access Easement to the North residential units shall be drafted not less than 30 ft wide across existing roadways/parking areas.

Lease Price: Due to the startup costs, a 6-9 month waiver may be negotiated for any 5 yr lease amount. Owner will consider market lease offers.

Broker Participation: Barnes Realty Company, as listing broker, will gladly, and fully cooperate with most licensed real estate brokers to obtain a sale of the property on terms satisfactory to the current owners. Brokers should call the office for details of our co-brokerage policy.

post id: 7755592350



best of [?]