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12 E Grove Ave, Lake Wales FL 33853

Commercial For Sale
$6,100,000

BTC: 61.99186992

ETH: 1,813.85667559

37 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

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!

Location

Florida • Lake Wales • 33853 • Commercial • For Sale

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
No Data
Lot:
120208 Square Feet
Heating:
Central Building A/C
Price/sqft:
No Data
Cooling:
Central Building A/C
HOA:
No Data
All facts and features

  • Heating

    • Central Building A/C

    Cooling

    • Central Building A/C

  • Lot

    • Lot: 120208 Square Feet

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Special Purpose

  • Source details

    • MLS ID: A11675602

    Other facts

    • Water Source: Public

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc