Jim Baranello of The Prestige Group had an uphill battle marketing for sale a vacant personal care facility in the northeast area of Philadelphia, Pennsylvania during the pandemic, but he got the deal done. Owned by a family for nearly 20 years, the 35-bed facility was originally built in 1910 but converted to personal care in the last 20 years. Set in the Tacony section of Philadelphia, it features 15 units and five bathrooms in three stories, with a full commercial kitchen. The facility was inherited by a second generation who did not want to continue operating it and who chose to shut it down in 2019.
Positioned for a buyer to either continue operating the building for personal care or convert it to a behavioral health facility, the community was ultimately purchased by a small personal care home operator with one other facility in the area. They intend to do a full renovation and reopen it, with the addition of caring for intellectually and developmentally disabled residents. The property was marketed to sell for $500,000, but the final purchase price is not known (though it cannot be far off that).
