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|Last Updated Date||26 Jun 2020|
JLL Capital Markets is pleased to offer for sale the property formerly known as Colonial Nursing Center (“the Property”), located in the desirable South Shore community of Weymouth, Massachusetts. Prominently facing Broad Street, the former nursing home is marketed unlicensed and vacant, allowing investors an attractive conversion opportunity within the Boston MSA. Comprised of 93 Jack and Jill-style units with shared half baths, the 73,000-square foot building can be adapted to accommodate a myriad of healthcare uses.
The property includes a full complement of traditional healthcare common area amenities, including a commercial kitchen, dining room, activity areas, outdoor courtyard and walking paths, common space, as well as clinical and administrative offices. Additionally, the Property benefits from flexible R-4 zoning, conducive to a variety of attractive redevelopment options.
- Location 15 miles south of downtown Boston, one mile south of Weymouth Landing, an historical, mixed-use community hub, and Weymouth Landing commuter rail station with direct access to Boston’s South Station
- Affluent surrounding population with median household income within five miles of the Property ($82,238) surpassing the national median ($60,548) by more than 35%
- High concentration of supporting medical uses with four hospitals and over 1,000 beds within five miles of the Property