The Commercial Real Estate Alpha Site

This property also allows for possibly more beds in the cottage which is on the parcel or potential future expansion with the additional included land.

Click Here to Visit Property Website

Investment Highlights

•

This property offers a true ‘Purchase and Go’ opportunity.​

A former successful ALF is ready to reclaim its former glory

with the right buyer.​

In Florida, the average costs of all-inclusive ALF’s is;

Semi-Private – $3,425 per month

Private Room – $4,350 per month

•

Referencing a Mid-Year 2021 Outlook of M&M Senior Housing

The Senior Housing market and Assisted Living Facilities

were hit hard during the Pandemic.​ A recovery has been in

the works and seems stronger than ever.​

“Demand for senior housing will increase long-term.​ The

aging baby boomer generation, paired with longer life

expectancies, means that demand for senior housing will

increase.​ This will be particularly evident in the Sunbelt,

which many retirees favor for its quality of life and climate.​”

•

The Outlook for the Second Half of 2021

The referenced report highlights the challenges that the

senior care facilities have faced, but it also provides

encouraging details on how the industry has fared.​

Occupancy rates have declined, but an increasing demand

thanks to the growing senior population should help facilities

to recover and boost their occupancy rates.​

•

The resurgence of the industry, an aging population, the

desirable weather and economy in Florida are all factors

whereas the smaller ALF’s and Senior Care Facilities have the

opportunity to capitalize on the blossoming revitalization

happening now.​

Property Opportunity & Highlights

This is a fantastic and rare opportunity for a true “Set Up and Go” Assisted Living Facility.

Everything is in place, fully functioning and ready for immediate occupancy! You may want to put your own finishes and special touches on the property.

The ownership put in a brand new 22KW Generator with 200 AMPs in 2019. This $40k+ improvement comes with a 5 year warranty.

This facility features 4 rooms with double beds, and an additional 5 rooms with single beds to serve a total of 16 guests for care. Each room has it’s own private bathroom and several feature wheelchair accessible “roll in” showers as well. In addition, the floorplan features a spacious reception and lobby. Full kitchen area, large laundry room, shaded porch and a huge community activity room with skylights and plenty of windows.

The building is sprinklered with an FACP fire monitoring system, as well as a security system and Mag-Lock operation doors on all main entries and exits. Three regularly maintained HVAC units serve the space (2 closet, 1 attic)

Plenty of area for serene outdoor settings are on this .44 acre site as well. Featuring a large, shaded backyard garden area with majestic Oaks providing the canopy, and storage sheds, as well as additional land and a 2nd house on the south side of the property.

 Providing plenty of room for future expansion with Future Land Use as RES-9. And easy conversion to additional rooms or staff housing.

This property is currently vacant.

Call Dreznin Pappas Commercial Real Estate @ 941-961-8199

today to schedule a tour of this amazing property before it’s

SOLD!