Hot Listing

30-Unit Independent Living Facility | Former ALF | Baldwin County, AL

Asking Price$5,250,000

Cash Flow
Not Disclosed

EBITDA$534,042

Gross Revenue$1,100,000

InventoryNot Disclosed

FF&E$140,000
Included in asking price
Real Estate$3,926,000
Included in asking price
Overhead Aerial
Front of Building
Front of Building
Front Porch
Courtyard
Living Area
Living Area
Dining Hall
Common Area
Activities Room
Common Area
Bedroom Hallways
Suite
Suite Bathroom
Kitchen
Office
Salon
Overhead Aerial
Front of Building
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Hot Listing

30-Unit Independent Living Facility | Former ALF | Baldwin County, AL


Asking Price$5,250,000

Cash Flow
Not Disclosed

EBITDA$534,042

Gross Revenue$1,100,000

InventoryNot Disclosed

FF&E$140,000
Included in asking price
Real Estate$3,926,000
Included in asking price

Seller Financing Available
Business Description
Sale/Lease | Real Estate Included | Open to Offers | Owner-Financing
The Niel Group is pleased to exclusively present a thirty-unit independent living facility located in Daphne, AL (Baldwin County). The asset is ideally located just south of Interstate 10 off of the Spanish Fort/Hwy 181 exit in the prestigious Historic Malbis community. Situated on a 1.5-acre corner site, the facility was built in 2000, has 23,124 SF under roof, and offers its residents a unique and enjoyable independent living experience. Equipped with garden studio and garden suite units, a commercial kitchen, dining hall, wellness and activities program, salon, library, and staff to handle all of residents’ needs, the asset is a full-service facility that allows its residents to live their desired lives. Management converted operations from a 44-bed assisted living facility to an independent living facility on May 1, 2025 to better align with market demand dynamics and increase profitability. Having achieved more than 70% occupancy as of 8/5/25, the business is well positioned to reach stabilization by the end of 2025. Operating revenue for 2025 is projected to be $920,000 with a NOI of $283,000. Upon stabilization, revenue is projected to be $1,100,000 with a NOI of $534,000. Home to the Eastern Shore of Mobile Bay and 32 miles of beaches that line the Gulf of America, Baldwin County is the second fastest growing county in Alabama and the seventh fastest growing metro area in the US. Daphne-Fairhope-Foley, AL is the 6th fastest growing MSA in the US based on 2023-2024 population growth of 3% and is the 7th fastest growing MSA in the US based on 2010-2020 population growth of 27.2%.
About the Business
Years in Operation
15
Employees
9
Facilities & Assets
Thirty-unit independent living facility located in Daphne, AL (Baldwin County). Situated on a 1.5-acre corner site, the facility was built in 2000, has 23,124 SF under roof, and is equipped with garden studio and garden suite units, a commercial kitchen, activities room, salon, dining hall, library, and staff to handle all residents needs.
Market Outlook / Competition
Management converted operations from a 44-bed ALF to an ILF on May 1, 2025 to better align with market demand dynamics and increase profitability. Having achieved more than 70% occupancy as of 8/5/25, the business is well positioned to reach stabilization by the end of 2025 and start increasing rates. The independent living market is underserved in Baldwin County.
Opportunities for Growth
Once stabilized, rental rates can be increased. Additional services/amenities can be offered to increase revenue. Alternative business uses include a medical office, health and wellness center, co-working, private or charter school, non-profits, a halfway house, housing for those in need, behavioral health center, event center, wedding venue, hotel, or a religious center.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
23,124
About the Sale
Seller Motivation
Seller wants to reallocate capital and resources to other projects
Transition Support
Management is willing to work with any buyer to easily transition the business.
Financing Options
Seller Financing | Lease | Lease w/ Option to Buy | Open to All Offers
Listing Info
ID
2398272
Listing Views
1235
Attached DocumentsAttachment Disclaimer

Baldwin House Biz Buy .pdf


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Business Listed by: Lance Niel

Listing ID: 2398272 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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