1275 N Banana River Dr - Assisted Livings FOR SALE


Merritt Island, FL 32952
$799,000 USD
321-662-1671
1275 N Banana River Dr, Merritt Island, FL for Sale
$799,000 USD
Assisted Livings - FOR SALE
1/38
null | 12.12% Cap Rate

1275 N Banana River Dr
Merritt Island, FL 32952


OVERVIEW

Off Market!!! Reduced!!! Sellers Motivated!!! Property can be used for many other purposes for Commercial and Residential besides its current ALF use. Owners can relocate Residents if Buyer wishes to do something else like a Vacation Duplex, VRBO, Air BnB, Office Duplex, Commercial Offices with even Multi Family Potential with its unique Zoning. Prior to its current use, Property has been a Real Estate Office and also a School. Banana River Villas is currently a Senior Care ALF Home that is licensed for 6 Residents with an additional 1 bedroom, 1 bathroom Living Quarter with Private Kitchen & Living Room for Live-In Staff &/or Owner Operators. Its facility offers a comfortable homelike setting for Residents needing Assisted Living. Offering a "Worry Free" way of life through its All Inclusive Services & Amenities. The 5th Wheel Camper in the back conveys with the Subject Property. The property is Canal Frontage leading to the Banana River Lagoon, Indian River Lagoon and the Atlantic Ocean. One of the largest Facilities licensed for 6 Residents in Brevard County, It's situated near many landmarks and recreation the Space Coast offers. If you or your Buyer is interested in the property’s Business, the Income & Expenses from its 2021 IRS Filings & Current 2022 YTD P&L are available Upon Request & Signed NDA. Seeing is Believing!!!

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$266 USD /SF

CAP RATE

12.12%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Banana River Villas

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

Commercial-Duplex

APN/PARCEL ID

24-37-19-00-00505.0-0000.00

ASK ABOUT THIS PROPERTY

Jeff JacobsonWeichert Realtors Hallmark PropertiesMore Info
321-662-1671

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Jeff JacobsonWeichert Realtors Hallmark PropertiesMore Info
321-662-1671

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