$6,100,000
( $237.67Per Sq Foot )
 $32,746 est/mo Sourced by Back At You

12 E Grove Ave , Lake Wales, FL 33853

Lake Wales, FL 33853

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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 marketdon’t miss out on this highly desirable investment opportunity!

Details

MLS#A11675602
Listing TypeFor Sale
StyleSpecial Purpose
Sub-TypeResale
StatusActive
Days On Site152
Listing Provided ByFausto Commercial Realty Consultants Inc | Elior Levi

Features

SQ Feet25,666
Acreage120208.00
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Miami Board of Realtors®

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Learn More About This Property

StateFL
CountyPolk
CityLake Wales
Zip Code33853
Area5940 Florida Other
Listing VS Median (In 33853)
Price:
$6,100,000
low | high
Med:
$3,284,500
96.155737704918% of Average
SqFt:
25,666
low | high
Med:
14,370
94.013480869633% of Average
$ / SqFt:
$238
low | high
Med:
$195
67.892341013481% of Average
On site:
152
low | high
Med:
90.000000
100% of Average
Sourced by Back At You
Listing Updated: March 12, 2025 at 9:52:15 PM PDT
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