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123 Assisted Living Dr.
Medical Office
Property Description
John DeMarco proudly presents the sale of a fully licensed 35-bed Assisted Living Facility in the desirable Marina Mile neighborhood of Fort Lauderdale, Florida. This property consists of two buildings totaling 5,507 SF, situated on a spacious 15,565 SF lot. With 16 rooms accommodating 35 beds, the facility is currently 100% occupied with a waiting list. Experienced staff will remain post-closing, and the facility is projected to generate increased gross revenue and net income in 2023. This opportunity offers a strong 12.8% capitalization rate at full asking price, making it an excellent investment in a market with limited inventory. Showings are by appointment only; call for additional information.
Area Description
Discover the vibrant surroundings of Ft. Lauderdale, FL, where urban amenities harmonize with coastal charm. The area offers convenient access to a range of business and recreational essentials, providing an ideal balance for professionals. Nearby attractions such as the upscale Las Olas Boulevard, the picturesque Riverwalk, and the renowned Broward Center for the Performing Arts provide a cultural and social backdrop for professional ventures. With proximity to major transportation routes and a thriving business community, the locale presents an exceptional opportunity for office or office building investors seeking an inspiring and well-connected environment in this dynamic South Florida city.
Listing Type: FOR SALE
Status: Active
Region: S-SE
County: Broward County
Property ID: 4041887