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Key Details
Sold Price $6,700,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
Square Footage 25,666 sqft
Price per Sqft $261
MLS Listing ID A11675602
Sold Date 10/31/25
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
Financing Conventional
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Bought with United Realty Group Inc
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