1 of 25 - 12 E Grove Ave, Lake Wales, FL Save the listing
2 of 25 - 12 E Grove Ave, Lake Wales, FL
3 of 25 - 12 E Grove Ave, Lake Wales, FL
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5 of 25 - 12 E Grove Ave, Lake Wales, FL
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12 E Grove Ave, Lake Wales, FL

$6,900,000

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About 12 E Grove Ave

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!

Commercial property for sale in Lake Wales, FL at 12 E Grove Ave.

Features of 12 E Grove Ave

MLS® # A11675602
Price $6,900,000
Bathrooms 0.00
Acres 0.00
Type Commercial
Sub-Type Special Purpose
Status Pending

Community Information: Lake Wales

Address 12 E Grove Ave
Area 5940 Florida Other
City Lake Wales
County Polk
State FL
Zip Code 33853

Amenities of 12 E Grove Ave

Is Waterfront No
Has Pool No

Interior of 12 E Grove Ave

Heating Central
Cooling Central Air
Fireplace No

Additional Information On 12 E Grove Ave

Listing Courtesy of Fausto Commercial Realty Consultants Inc
Date Listed October 14th, 2024

Listing Details

OfficeFausto Commercial Realty Consultants Inc

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