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$ 999,999
Est. payment /mo
Price Dropped by $175K
48 W 700 S St. George, UT 84770
10,454 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision St George City Sur Plat C Blk 3
MLS Listing ID 2118664
Construction Status Blt./Standing
HOA Y/N No
Year Built 1973
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Office
Property Description
A rare opportunity for an owner-operator to step into a well-established, licensed assisted living facility in the heart of St. George. Rosecrest Assisted & Independent Living is an established Level 1 home including real estate, offering 12 licensed beds within a clean, efficient 4,319 SF facility-ideal for hands-on operators seeking to own both the business and the underlying property. The facility is currently 66% occupied and generates strong, consistent income with additional upside potential through improved marketing, increased occupancy, and optimized private-pay rates. Annualized 2025 financials project over $179,000 in Seller's Discretionary Earnings (SDE), providing immediate positive cash flow and a 15.26% cap rate at the current asking price. Rosecrest offers a comprehensive range of resident services, including personal care, medication management, meals, housekeeping, and structured activity programs, all supported by a trained caregiving staff. The smaller bed count allows for personalized, high-quality care and streamlined operations, making this an excellent fit for an owner who wants to be actively involved without managing a large-scale facility. Situated on a C-2 Highway Commercial lot, the property is conveniently located near medical providers, shopping, and essential amenities. Originally built in 1973 and renovated in 1992, the building is well maintained and features a mix of private and shared rooms, a communal dining area, and inviting outdoor living spaces. Designed for owner-operators rather than passive investors, Rosecrest presents a compelling opportunity to acquire a manageable assisted living facility with stable income today and growth potential for the future.
Location
State UT
County Washington
Area St. George; Santa Clara; Ivins
Zoning Commercial
Interior
Fireplace No
Exterior
View Y/N No
Present Use Office
Private Pool No
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID SG-1399-B-3
Listed by KW Utah Realtors Keller Williams (Brickyard)
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