For Sale
$3,800,000
1012 72Nd AvePensacola, FL 32506
High-Yield 55-Bed ALF in Florida
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- Exceptional 55-bed assisted living facility (ALF) investment opportunity in Pensacola, FL.
- 17,569 SF building on a 4.87-acre lot (APN: 112S312117000000), located at 1012 N 72nd Ave.
- 12% cap rate with a current NOI of $446,510.
- 65 licensed units (currently 46 residents), fully equipped commercial kitchen, licensed for ALF and limited mental health care.
- Significant upside potential due to below-market rents and vacancies; half the land is undeveloped, allowing for expansion.
- Features a metal roof, newer AC units, two generators, and a fire sprinkler system. Outdoor amenities include a gazebo and putting green.
Property Details for 1012 72Nd Ave
- Property type
- Retirement homes
- Square Feet
- 17,569 SF
- Class
- B
- Year Built/Renovated
- 1988/2006
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 212,137 SF
- Units
- 65
Location Insight
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Latitude
- 30.4248321
- Longitude
- -87.3084613
1012 72Nd Ave, Pensacola, Florida
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