Save
Ask
Hide
$6,700,000
12 E Grove AveLake Wales, FL 33853
Commercial Sale|Sold 10/31/2025
0
Beds
0
Total Baths
25,666
SqFt
$261
/SqFt
County:
Polk
Save
Ask
Hide
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!
Save
Ask
Hide
Listing Snapshot
Bedrooms
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Inside Area (SqFt)
25,666 sqft
Lot Size
120,208 Acres
Year Built
N/A
MLS® Number
A11675602
Status
Sold
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 17 hours ago | Listing updated with changes from the MLS® |
General Features
Additional Property Use
Investment
Sewer
Public Sewer
SqFt Total
25666
Water Source
Public
Interior Features
Cooling
Central Air
Heating
Central
Save
Ask
Hide
Community Features
Financing Terms Available
CashConventional
MLS Area
5940 Florida Other
Listing courtesy of Fausto Commercial Realty Consultants Inc
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2025, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2025, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Save
Ask
Hide
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.