Nursing Home Update

Back in November, the nursing home on Williams Ferry closed. In December, the property changed hands again.

Back in December of 2017, the facility was bought by, Lenoir City Real Estate Investors, with an address in Atlanta Georgia for $3,450,000.00. Now in December 2019, the property was bought by, Lenoir City Tn. Propco, with an address in Englewood New Jersey for $270,000.00. Just last week, the owner of the property requested annexation by Lenoir City.

Not sure how you can buy a 3.4 mil. property for 270k but that's the numbers from the county property assessment website.

Still unknown what the future plans for the property are but I'll keep checking.

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1/27/20