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!
Property Details
Price:
$6,100,000
MLS #:
A11675602
Status:
Active
Beds:
0
Baths:
0
Address:
12 E Grove Ave
Type:
Commercial
Subtype:
Special Purpose
City:
Lake Wales
Listed Date:
Jan 19, 2025
State:
FL
Finished Sq Ft:
25,666
Total Sq Ft:
25,666
ZIP:
33853
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CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
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Schools
Interior
Cooling
Central Building A/ C
Heating
Central Building A/ C
Exterior
Financial
Map
Community
- Address12 E Grove Ave Lake Wales FL
- CityLake Wales
- CountyPolk County
- Zip Code33853
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12 E Grove Ave
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