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100 Assisted Living St
Property Description
Presenting an exceptional opportunity in the heart of Downtown Hollywood, Florida, this licensed 105-bed Assisted Living Facility offers a total of 27,270 SF of space on a well-situated 23,707 SF lot. With a proven track record of success, the facility operates at a historic occupancy of 95%-99% and generates $3,049,562 in gross revenue, with a net income of $970,096.89. Upon reaching full capacity, projected gross revenue is expected to increase to $3,888,000, with a net income of $1,808,534.54, providing the investor with a robust 13.65% capitalization rate at full asking price. This rare investment opportunity in a market with limited inventory promises strong returns and the assurance of an experienced staff remaining post-closing.
Area Description
Discover the dynamic potential of Hollywood, FL, where the allure of vibrant culture meets the promise of commercial opportunity. Nestled amidst world-famous beaches and an eclectic arts scene, the area boasts an irresistible blend of leisure and business. From the historic downtown with its quaint shops and trendy cafes to the renowned ArtsPark at Young Circle and the Hollywood Beach Broadwalk, the location beckons with its unique charm and modern infrastructure. With its proximity to major highways and airports, the area is a strategic gateway to the global marketplace, making it an enticing prospect for prospective Office / Office Building investors seeking a prime location to establish their next venture.
Highlights
- 27,270 SF modern building
- Prime location in Hollywood, FL
- Versatile and adaptable spaces
- Strategic opportunity for investment
- Potential for custom design and innovation
- Ideal for Office / Office Building investor
- Well-maintained and move-in ready
- Proximity to major highways and airports
Listing Type: FOR SALE
Status: Active
Region: S-SE
County: Broward County
Property ID: 4041989
- 27,270 SF modern building
- Prime location in Hollywood, FL
- Versatile and adaptable spaces
- Strategic opportunity for investment
- Potential for custom design and innovation
- Ideal for Office / Office Building investor
- Well-maintained and move-in ready
- Proximity to major highways and airports