1384 State Route 206

About this listing

DESCRIPTION

Permitted 45-Bed Assisted Living Conversion with Completed Feasibility Study and Architectural Drawings Two-story, interior-corridor building on 1.95 acres with frontage on NY Route 206 in Delaware County, offered for sale as a turnkey senior housing conversion. Renovated in 2019 including roof, boilers, furniture, fixtures and carpets. Served by private water well and on-site septic, with existing paved parking.

AREA

Fronting NY Route 206 in the Town of Masonville, western Delaware County, at the center of a four-county catchment spanning Delaware, Chenango, Otsego and Schoharie. Oneonta is approximately 30 miles northeast, about a 30-minute drive via I-88 East; Binghamton is approximately 33 miles southwest, about 34 minutes via I-88 West. Scranton, PA is roughly 90 minutes; Albany and Syracuse each roughly two hours. A 20-mile radius captures Bainbridge, Deposit, Sidney, Sidney Center, Unadilla and Walton. The surrounding region skews significantly older than New York State as a whole — Delaware County's median age of roughly 48.8 years is the highest of the four counties in the trade area, and the population aged 75 and over across that area grew 12.5% between 2020 and 2023. Existing licensed adult care capacity in the region is concentrated in Norwich, Oxford, Oneonta, Cooperstown, Stamford and Sharon Springs, leaving the western Delaware and eastern Chenango corridor without a facility of this type. Housing across the trade area is roughly three-quarters owner-occupied, a profile associated with seniors holding home equity available to fund long-term care. The site sits on 1.95 acres with highway frontage, its own water well and septic system, and existing paved parking.