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12 E Grove Ave, Lake Wales FL 33853

Commercial For Sale
$6,100,000

BTC: 64.54958149

ETH: 1,815.47619048

68 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

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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