$6,100,000
12 E Grove Ave Lake Wales, FL 33853
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$6,100,000
Est. payment /mo
25,666 SqFt
UPDATED:
10/14/2024 12:00 PM
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 25,666 sqft
Price per Sqft $237
MLS Listing ID A11675602
HOA Y/N No
Lot Size 2.760 Acres
Property Description
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!
Location
State FL
County Polk
Area 5940 Florida Other
Interior
Heating Central
Cooling Central Air
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Fausto Commercial Realty Consultants Inc
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Larry Hering
Realtor/Senior Account Executive | License ID: 3370040
Realtor/Senior Account Executive License ID: 3370040