Shallotte Assisted Living Community For Sale / Partition Sale

Brunswick County, North Carolina

Commissioner to sell: Mike Isenberg, Esq. (910) 457-9506 Call for sight inspections (serious investors).

SALE DATE: April 8, 2022 at 1:00pm (With 10 day upset bids) 5% cash or certified funds due at time of sale.

Address: 520 Mulberry Street, Shallotte NC 28470 (Near Highway 17)

Generator: Yes – Generac 2000 Series

Furnishings: Yes (included in sale)

Sprinkler System: Yes

Beds: 80 beds

Cottage: Includes a live-in cottage / Administrator cottage on the property

Storage Building on property

Acreage: 5.5 acres Tax Parcel Id 1810005802

Type of Facility: Assisted Living (previous uses) *There are only 5 other Assisted living facility in Brunswick Co. – https://info.ncdhhs.gov/dhsr/data/ahlist.pdf

Value: $2,300,000 – $2,800,000 (Tax value $2,058,000)

Proximity: Ocean Isle Beach, Holden Beach, Calabash, Rivers Edge Golf Club

Needs new license application by Early August with DHHS to remain grandfathered

No fines outstanding. The previous operator was removed. Former Operator paid her fines with DHHS. There are few facilities in this region of southeast North Carolina

**This property is part of a Partition Proceeding/ Partition Sale with a Court Ordered Courthouse sale (2022 SP 32). There are 2 owners. I represent Edna Miller. You may be able to bypass the sale with a proper offer (read: offer with no contingencies). As-Is / Where-Is

PHOTOGRAPHS: More photos of facility inside and outstide, click here: Shallotte Assisted Living Facility Photos

Let me know if you need access to the property.

IF DON’T SELL BEFORE SALE DATE, I PLAN TO UPDATE WITH COURTHOUSE SALE DATE.

New owner will want to purchase soon to apply for license.

Attorneys Kirk Sanders or Josh Dearman at 336-723-7200