12 E Grove Ave - Assisted Livings FOR SALE


Lake Wales, FL 33853
$6,100,000 USD
954-743-7594
12 E Grove Ave, Lake Wales, FL for Sale
$6,100,000 USD
Assisted Livings - FOR SALE
1/25
null | 17.49% Cap Rate

12 E Grove Ave
Lake Wales, FL 33853


HIGHLIGHTS

  • Prime 51 Bed ALF in the Heart of Lake Wales, FL
  • Real Estate + Business are Included with the Sale
  • 17% Cap Rate at Full Occupancy (Currently at 65%)
  • Rare and Desirable ALF License/Zoning as well as Generator Included
  • Full Staff and Management Team in Place

OVERVIEW

Rare opportunity to own this Prime 51-bed Assisted Living Facility (ALF) located at 12 E Grove Ave in Lake Wales, FL. This sale includes real estate, the business, required licenses, and a generator. Currently operating at 65% occupancy at a 5.4% Cap Rate, this facility offers significant potential for increased profitability by filling vacancies and optimizing expenses to operate at a whopping 17% Cap Rate! This property also have the license to operate at 60 beds! Full staff and management in place! ALFs of this caliber rarely come to market—don’t miss out on this highly desirable investment opportunity!

FOR SALE DETAILS

PRICE

$6,100,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

17.49%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Prime 51 Bed ALF in the Heart of Lake Wales

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2.76 AC

LAND SF

120,226 SF

ZONING

-

APN/PARCEL ID

27-30-11-000000-014030

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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