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