1189 W River Dr - Assisted Livings FOR SALE


Margate, FL 33063
$10,771,654 USD
954-453-1000
1189 W River Dr, Margate, FL for Sale
$10,771,654 USD
Assisted Livings - FOR SALE
1/27
null | 10.29% Cap Rate

1189 W River Dr
Margate, FL 33063


HIGHLIGHTS

  • 64 Bed (Zoned for 114) Licensed Assisted Living Facility
  • 97% Occupancy
  • 10.29% Projected CAP Rate
  • Excellent Investment Opportunity

OVERVIEW

A 64-­bed (zoned for 114 beds) licensed Assisted Living Facility located in desirable South Florida. The physical property consists of a total of 38,179 SF, well situated on a 1.92 acre lot. The facility is fully licensed and operating and has a current occupancy of 97%. The experienced staff is expected to remain in place after the sale, ensuring a seamless transition for the new owner. Please respect the existing business by refraining from disturbing staff or residents

FOR SALE DETAILS

PRICE

$10,771,654 USD

PRICE/SF

$278 USD /SF

CAP RATE

10.29%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Assisted Living Facility in Margate

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

83,998 SF

ZONING

R-3

APN/PARCEL ID

48-41-25-04-0190

ASK ABOUT THIS PROPERTY

John DeMarcoRE/MAX 5 Star RealtyMore Info
954-453-1000

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John DeMarcoRE/MAX 5 Star RealtyMore Info
954-453-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.