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$4,500,000
18 Days Online

4187 Solomons Island Road
Harwood, MD 20776

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1976
Built
County:
Anne Arundel

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(240) 812 9488
4187 Solomons Island Road4187 Solomons Island Road4187 Solomons Island Road4187 Solomons Island Road
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Unique Investment Opportunity in the Thriving Senior Care Industry KW Commercial is pleased to present Country Home Assisted Living for sale (real estate and business). This 15-bed assisted living facility provides a home-like setting for its residents, including nine private rooms and six beds in three semi-private rooms. The lower level offers storage space and additional rental possibilities. Established in 1986, Country Home was the first assisted living facility in Anne Arundel County. The current owner has operated the facility since 2011. The facility has a license to provide Level 3 High Level of Care – the highest level of care license available to assisted living facilities in Maryland. Its services allow residents to age in place. It also offers hospice services. Country Home is located on 3.27 acres with a sprawling lawn and mature trees in the back. The property offers easy surface parking steps from the front door. Easy access continues with all resident rooms located on the main floor. Surrounded by rolling hills, farms, vineyards, and stately single-family homes, Harwood has a country feel, but is just minutes away from Annapolis, Edgewater, Davidsonville and other Anne Arundel County locations. Amenities include a hair salon, game room, outdoor decks, TV room, and main-level kitchen. With its cozy interiors, comfortable furnishings, and beautiful setting, this facility exudes warmth and comfort. Residents and their families appreciate the inviting environment, which fosters a sense of community and well-being. With a reputation for excellence in senior care, this facility has established itself as a trusted provider in the local community. Its commitment to personalized care and attention to detail has garnered positive reviews and word-of-mouth referrals. Its reputation has meant consistently low vacancy rates. Owner needs to do little marketing and advertising. The facility offers significant value add opportunities. Possibilities include identifying additional income sources and trimming expenses without compromising the quality of the residents’ experience. For example, a new owner could: increase rates for several below-market rate rooms, institute regular room rate increases, charge for auxiliary services (such as hair salon services, incontinence supplies, and medication management), source more economical suppliers, review payroll and hiring practices to minimize overtime and make staffing more efficient, charge a non-refundable community fee for new residents, and/or lease the lower level at market rates. A new owner could also explore the potential for growth. The current owner has made many upgrades since acquiring the facility. Further upgrades could yield higher room rates and additional net operating income increases. For experienced investors, as well as those new to the senior care industry, the facility presents a rare opportunity to invest in a thriving assisted living business and desirable real estate. This turnkey operation offers the potential for significant returns and the satisfaction of providing essential services to an aging population.

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Listing Snapshot
Price 
$4,500,000
Days Online 
18 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
3.27 Acres
Year Built 
1976
MLS® Number 
MDAA2083386
Status 
Active
Property Tax 
$17,712
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 hours agoListing updated with changes from the MLS®
3 weeks agoListing first seen online
General Features
Water 
Public
Sewer 
Septic Exists
Construction Materials 
Brick
Zoning 
RA
Interior Features
Heating 
Baseboard - Electric
Cooling 
Central A/C
Central Air 
Yes
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Community Features
Accessibility Features 
32"+ wide Doors36"+ wide HallsGrab Bars ModLevel Entry - MainRoll-in Shower
Listing courtesy of Keller Williams Select Realtors (410) 972-4000



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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