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12 E Grove Ave

$6,100,000

12 E Grove Ave, Lake Wales, FL 33853

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Last Updated: 10/15/2024

25,666 sqft

Building Size

 
Details:
Building Size:    25,666 sqft
Highlights:
  • Documents Available: Aerial Photo(S), Financial Statement, Rent Rolls
  • Cooling: Central Building A/C
  • Heating: Central Building A/C
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!

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