' d='M31.6,3.5C5.9,13.6-6.6,42.7,3.5,68.4c10.1,25.7,39.2,38.3,64.9,28.1l-3.1-7.9c-21.3,8.4-45.4-2-53.8-23.3 c-8.4-21.3,2-45.4,23.3-53.8L31.6,3.5z'%3e%3canimateTransform attributeName='transform' attributeType='XML' type='rotate' dur='2s' from='0 50 50' to='360 50 50' repeatCount='indefinite' /%3e%3c/path%3e%3cpath
fill='rgba(10, 36, 65, 1)' d='M42.3,39.6c5.7-4.3,13.9-3.1,18.1,2.7c4.3,5.7,3.1,13.9-2.7,18.1l4.1,5.5c8.8-6.5,10.6-19,4.1-27.7 c-6.5-8.8-19-10.6-27.7-4.1L42.3,39.6z'%3e%3canimateTransform attributeName='transform' attributeType='XML' type='rotate' dur='1s' from='0 50 50' to='-360 50 50' repeatCount='indefinite' /%3e%3c/path%3e%3cpath
fill='rgba(10, 36, 65, 1)' d='M82,35.7C74.1,18,53.4,10.1,35.7,18S10.1,46.6,18,64.3l7.6-3.4c-6-13.5,0-29.3,13.5-35.3s29.3,0,35.3,13.5 L82,35.7z'%3e%3canimateTransform attributeName='transform' attributeType='XML' type='rotate' dur='2s' from='0 50 50' to='360 50 50' repeatCount='indefinite' /%3e%3c/path%3e%3c/svg%3e)
123 Assisted Living Ave
Senior Housing - Assisted Living
Senior Housing
Property Description
Presenting a licensed 21-bed Assisted Living Facility located in the sought-after Hollywood, Florida. Spanning 4,260 SF on a well-positioned 10,914 SF lot, this fully licensed and operational facility maintains a historic 90% occupancy rate and generates $755,184 in gross revenue, resulting in a net income of $280,315. With experienced staff remaining post-closing, the facility is primed to reach a projected gross revenue of $834,677 and net income of $359,808 at full occupancy. Anticipated to yield a solid 12% capitalization rate at the asking price, this investment opportunity is positioned in a market with limited inventory, offering strong potential for discerning investors.
Area Description
Immerse your business in the vibrant atmosphere of Hollywood, FL. This dynamic area, known for its warm climate and scenic beaches, offers a combination of urban amenities and coastal charm. The nearby Downtown Hollywood Arts and Culture Center, Hollywood Beach Boardwalk, and ArtsPark at Young Circle provide ample opportunities for leisure and entertainment. With a bustling commercial district and access to major transportation routes, this location is ideal for businesses seeking a strategic and lively setting. Discover the potential of this thriving locale for your next commercial investment.
Highlights
- 4,260 SF modern office building
- Convenient location in Hollywood, FL
- Versatile layout for customization
- Well-designed and maintained property
- Strategic access to major transportation routes
- Ideal for businesses seeking a dynamic setting
- Prime commercial opportunity in a thriving area
- Ample space for office needs
Listing Type: FOR SALE
Status: Active
Region: S-SE
County: Broward County
Property ID: 4041988
- 4,260 SF modern office building
- Convenient location in Hollywood, FL
- Versatile layout for customization
- Well-designed and maintained property
- Strategic access to major transportation routes
- Ideal for businesses seeking a dynamic setting
- Prime commercial opportunity in a thriving area
- Ample space for office needs