12 E Grove Ave, Lake Wales, 33853

  • $6,100,000

Buy

Lake Wales

12 E Grove Ave, Lake Wales, 33853

Lake Wales

  • $6,100,000

Quick Details

MLS #: A11675602
  • 120208
  • Lot sqft

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!

  • Address 12 E Grove Ave
  • City Lake Wales
  • State/county Florida
  • Zip/Postal Code 33853
  • Area Polk County

Details

  • MLS #: A11675602
  • Price: $6,100,000
  • Land Area: 120208 sqft
  • Property Status: Buy
Listed by Elior Levi · Fausto Commercial Realty Consultants Inc - Updated on October 15, 2024 at 8:03 am

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Christina Corona
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