Outstanding Real Estate Investment Portfolio Auction

10:00 A.M. * Friday, October 8th
Location: 276 Fountain Lane, Kimberling City, Mo 65686

Formerly “Table Rock Healthcare & Retirement Village”  
 39.5 Acres, nestled  in the heart of  Ozark Mountain Country, near Table Rock Lake with  120 bed nursing facility and 55+ retirement village including:

8 Duplexes, 1400 sq ft, 2 bedroom 1&½ bath with one car garage.  
4 Duplexes, 1150 sq ft, 2 bedroom 1&½ bath with one car garage. 
6 Fourplexes, 840 sq ft, 1 bedroom 1 bath each. 
41,200 +/- sq ft., 120 bed Healthcare Facility.
Nursing Home Certificate of Need is good until late November 2021  

100% vacancy provides the opportunity to redevelop or convert into many other uses or reopen as healthcare/assisted living facility. The property offers investors the opportunity to purchase these vacant buildings at a significant discount with a huge value-add opportunity. While no longer  being operated as a skilled nursing facility, Certificate of Need is still current. This offering represents a potential redevelopment opportunity  conversion into other uses.  
The property was formerly the Table Rock Health Care & Retirement Village, a nursing home/55+ retirement village that specialized in short-term rehabilitation, palliative and hospice care, long-term care, and respite services. Facility was closed in December of 2020 after COVID-19 rates ticked up in many of the skilled nursing facilities across the state.

Nursing home is configured with 120 beds, while the building was designed and utilized as a skilled nursing facility. The Duplexes & Fourplexes are prime for repositioning or potential redevelopment for multi-family, ideal for long/short term nightly rentals, retirement homes, etc. (Some do have limited lake views).

 This facility is well positioned near a number of amenities, restaurants, banking, shopping, Branson and Beautiful Table Rock Lake. This asset allows investors to purchase a vacant building with upside opportunities. Repositioning or redevelopment of the asset will allow the new owner to enjoy significant capital  appreciation upon future disposition.

Property tour are available by appointment only.  
Please Contact Larry Foster at 417-839-6860 or bidnowsold@aol.com to schedule a site tour. 

Term & Conditions

1. Foster Auction Service is Agent for Seller Only.

2. Taxes & Utilities will be Pro-rated at closing based on 2020 Taxes.

3. Seller is to pay normal Seller Closing Costs, Buyer is to pay normal Buyer Closing Costs.

4. Closing will be on a date not more that 30 days from date of sale.

5. Bidding is open to any Qualified Bidder under terms & conditions offered.

6. Possession is to be at Closing.

7. Winning Bidder will sign a Real Estate Contract upon completion if bidding today, which will be a no Contingency Contract.

8. Bidders are Urged to Examine the Property prior to Bidding to Determine and satisfy themselves as to Boundaries and Condition of same, Seller or Agent makes no Statements or Warranties either Expressed or Implied as to Condition. All information is from sources Deemed Reliable but not Guaranteed, Property sells "AS-IS" "WHERE IS".

9. Announcements made at time of Auction will take precedence over any and all Printed Matter or Prior Statements made by Agents or Seller, Conduct of the Auction and Increments of of Bidding are at the discretion of the auctioneer.

10. Property sells "as is" "where is" with no contingencies.

11. Property sells subject to Probate Court Approval.

12. Minimum Bid 1.8 million dollars.

13. NO BUYERS PREMIUM

Terms: Non Refundable 10% Down Day of Sale,  Balance Due 30 Days or Less at Closing.

All Registered Bidders must have Bank letter of Credit or Proof of Funds to Bid at Auction.

2020 Taxes $28,587.18

Property has it's own Missouri State DNR licensed water supply & sewer systems.

Drinking water facilities are under the system name: Table Rock Retirement Village (MO-5069084)

One well, drilled in 1981, 1,390 feet deep, 402 feet of 10-inch steel casing, approximately 300 gallons per minute pump

One elevated storage tank, 100,000 gallons total volume

Waterline distribution

Wastewater treatment plant under the system name: Table Rock Healthcare (MO-0100161)

Extended aeration treatment plant with design flow capacity of 28,000 gallons per day

Design population equivalent of 244

Call for Appointment or more Information

Foster Auction Service: 417-839-6860