FL > Lake Wales
Lake Wales, FL 33853,12 E Grove Ave
Lake Wales, FL 33853,12 E Grove Ave
Lake Wales, FL 33853,12 E Grove Ave
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Monica Cataluña-Shand, CCIM

Monica Cataluña-Shand, CCIM

+1(954) 812-1831
$6,100,000
Est. payment /mo
25,666 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Square Footage 25,666 sqft

Price per Sqft $237

MLS Listing ID A11675602

HOA Y/N No

Lot Size 2.760 Acres

Property Sub-Type Special Purpose

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!

Location

State FL

County Polk

Area 5940 Florida Other

Interior

Heating Central

Cooling Central Air

Exterior

Private Pool Yes

Building

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11675602

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Listed by Fausto Commercial Realty Consultants Inc
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"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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12 E Grove Ave