About 12 E Grove Avenue
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 of 12 E Grove Avenue
| MLS® # | A11675602 |
|---|---|
| USD | $6,700,000 |
| CAD | $9,285,865 |
| CNY | 元44,945,610 |
| EUR | €5,774,060 |
| GBP | £4,952,325 |
| RUB | ₽563,824,430 |
| Last Listing Price | $6,900,000 |
| Acres | 2.76 |
| Type | Residential |
| Sub-Type | Business |
| Status | Closed |
| HOPA | No Hopa |
Community Information
| Address | 12 E Grove Avenue |
|---|---|
| Area | 5940 - Other Florida County |
| City | Lake Wales |
| County | Polk |
| State | FL |
| Zip Code | 33853 |
Interior
| Heating | Central Building |
|---|---|
| Cooling | Central Building |
Additional Information
| Date Closed | October 31st, 2025 |
|---|---|
| Date Listed | October 14th, 2024 |
| Days on Market | 698 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Fausto Commercial Realty Consultants Inc |
|---|