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t r a n s l a t e

Crystal Lake – Potential Senior Housing Redevelopment

1000 Crystal Lake Circle
Macon, GA 31206
PRICE : $8,500,000
PROPERTY TYPE: Multifamily
SITE SIZE: 49.59 Acres
UNITS: 235
YEAR BUILT: 1971

Highlights

  • Potential active-adult / age-restricted community
  • Age-restricted market rate unmet demand: 4,000+ (10 mile)
  • R-3 zoning (allows for active-adult / age-restricted community)
  • Built 1971
  • 530 parking spaces
  • Swimming pool, clubhouse and lake
  • W/D connections & dishwashers - Elevators in high-rise and mid-rise
  • Offered “As Is” - Property in lender receivership
  • Second-largest hospital in Georgia 4.8 miles from property
  • Market Analysis, Upgrade CAPEX and Pro Forma available

Description

Crystal Lake is a 235-unit gated community surrounding a tranquil lake on just under 50 acres. The existing facilities include a 12 story high-rise with 58 units, a 6 story mid-rise with 24 units, and 153 units in small multifamily and single unit buildings.

The site and existing buildings along with some new development could become a picturesque “senior housing village”. There are perfect areas for additional buildings overlooking the lake. The units need varying degrees of improvements. The tenants recently vacated the property and the site is gated with 24 hour security. The property is offered "As Is."

For more information or to tour the property contact Bull Realty.

Do not visit the site without an appointment.

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