Lake Wales, FL 33853 12 E Grove Ave
$6,100,000
20 more
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
SQFT • 25,666
Home Details
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!
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc;
Interior Features for 12 E Grove Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for 12 E Grove Ave
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLake Wales
CoolingCentralAir
CountyPolk
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional
Lot Size Square Feet120208.0
Lot Size UnitsSquareFeet
MLS Area5940 Florida Other
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeCallAgent
PossessionClosingAndFunding
PostalCityLake Wales
Property Attached Y/NNo
Property SubtypeSpecialPurpose
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Virtual TourClick here
Waterfront Y/NNo
Exterior for 12 E Grove Ave
Building Area Total25666.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area120208.0
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic
Additional Details
Price History
Patricia Sarmiento
Realtor®
