12 E Grove Ave, Lake Wales FL 33853
Lake WalesMap
Active With Contract
| Price | $6,900,000.00 |
| Listing ID | A11675602 |
| Status | Active With Contract |
| Address Map |
12 E Grove Ave, Lake Wales FL 33853 |
| Area | Lake Wales |
| Beds | |
| Baths | |
| Square Ft | |
| Lot Size | 120,208 |
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!
Features
Map Location
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Miami Association of Realtors MLS data last updated on 6/14/2025 1:00:00 AM