12 E Grove Ave, Lake Wales, FL 33853
Lake Wales, FL 33853 · MLS# A11675602 · Closed
Description of 12 E Grove Ave, Lake Wales, FL 33853
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!
Property Details for 12 E Grove Ave, Lake Wales, FL 33853
- Heating
- Central Building A/C
- Cooling
- Central Building A/C
- Pool Private
- No
Building Information for 12 E Grove Ave, Lake Wales, FL 33853
- Building Area Total
- 25666
- Building Area Units
- Square Feet
- Association
- No
Property Information for 12 E Grove Ave, Lake Wales, FL 33853
- Lot Size Square Feet
- 120,208
- Waterfront
- No
- View
- No
- Sewer
- Public Sanitation
- Water Source
- Public
- New Construction
- No
Public Records for 12 E Grove Ave, Lake Wales, FL 33853
- County Or Parish
- Polk County
Location
12 E Grove Ave, Lake Wales, FL 33853 · See all Lake Wales homes for sale
More information about 12 E Grove Ave, Lake Wales, FL 33853
12 E Grove Ave is a special purpose for sale in Lake Wales, FL 33853. This property was listed for sale on October 14, 2024 by Fausto Commercial Realty Consultants Inc, it's currently listed at $6,900,000. This listing's school district is Polk County Public Schools.