See all 25 photos

$6,900,000

Est. payment - /mo

25,666 SqFt

Pending

12 E Grove Ave Lake Wales, FL 33853

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sun

Sep

Mon

Sep

Tue

Sep

Sammy Hernandez

sammysellsmiami@gmail.com +1(786) 203-8671

UPDATED:

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Pending

Purchase Type For Sale

Square Footage 25,666 sqft

Price per Sqft $268

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

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Fausto Commercial Realty Consultants Inc

+1(786) 203-8671

sammysellsmiami@gmail.com

GET MORE INFORMATION

QUICK SEARCH

There are 30 quick searches