Basic Information

  • MLS # A11675602
  • Type Special Purpose
  • Status Active
  • Total Size 120,208 Sq.Ft / 2.76 Acre
  • Date Listed 10/14/2024
  • Days on Market 206
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!

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Special Purpose

Interior Features

  • Adjusted Sqft 2.76 AcreSq.Ft
  • Cooling Description Central Air
  • Heating Description Central
  • Sqft 2.76 Acre Sq.Ft

Property Features

  • Address 12 E Grove Ave
  • Aprox. Lot Size 120,208
  • City Lake Wales
  • County Polk
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • Occupant Type Call Agent
  • Possession Closing And Funding
  • Postal City Lake Wales
  • Sewer Description Public Sewer
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $0
  • Tax Year 0
  • Terms Considered Cash, Conventional
  • Type of Property Special Purpose
  • Water Source Public

12 E Grove Ave

Lake Wales, FL 33853

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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 ©2023-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. tel: 786-748-7373

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