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!

Features
: Central Building A/c
: Central Building A/c
: Public Sanitation
Address Map
FL
Polk County
Lake Wales
33853
12 E Grove Ave
0
W82° 24' 43.4''
N27° 53' 23.6''
MLS Addon
97
: All Cash, Conventional/refinance
: Sale
: Public

Commercial Sale For Sale

12 E Grove Ave, Lake Wales, Florida 33853

120,208 Sqft
$6,100,000
Listing ID #A11675602
Basic Details
Property Type : Commercial Sale
Property SubType : Special Purpose
Listing Type : For Sale
Listing ID : A11675602
Price : $6,100,000
Lot Area : 120,208 Sqft
Building Area : 25,666 Sqft
Status : Active
Agent info
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