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
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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Roberto Guzman

Roberto Guzman

+1(305) 467-5520
$ 6,100,000
Est. payment | /mo

25,666 SqFt

Save Virtual Tour
$ 6,100,000
Est. payment | /mo
Save Virtual Tour

25,666 SqFt

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 25,666 sqft

Price per Sqft $237

MLS Listing ID A11675602

HOA Y/N No

Contingent Pending Inspections

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

Listed by Fausto Commercial Realty Consultants Inc

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agent-avatar

+1(305) 467-5520

roberto@lifestyleintrealty.com

20200 W Dixie Hwy Suite 609, Aventura, FL, 33180, USA

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12 E Grove Ave

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