For Sale
$7,900,000

2200 Del Rio BlvdPort St. Lucie, FL 34953

Profitable Florida Cemetery, 17.9 Acres

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A commercial property, Rolling Oaks Cemetery, is offered at $7,900,000 with an impressive 11.28% cap rate and a strong NOI of $890,913. Located on 17.9 acres of waterfront land in Port St. Lucie, Florida (34953), this established cemetery provides a wide range of services including ground burials, mausoleums, cremation services, and pet burials. It boasts a comprehensive service offering catering to diverse needs and faiths, including veteran discounts. Currently operating on 4.6 acres, the remaining 13.3 acres offer significant expansion potential. Plans are already underway for the construction of 85 new crypts in upcoming mausoleums, representing a substantial opportunity for revenue growth. Further expansion possibilities include the addition of an on-site funeral home, enhancing customer experience and generating additional revenue streams. The cemetery benefits from a dedicated and experienced general manager and team, ensuring a smooth transition for the new owner. This thriving business is situated in a rapidly growing community with over 275,000 residents, making it an attractive investment opportunity for both seasoned entrepreneurs and savvy investors seeking substantial cash flow and long-term growth. The property's location and existing infrastructure provide a solid foundation for continued success and expansion. This is a unique opportunity to acquire a well-established, profitable business with significant upside potential in a desirable market.

Highlights

  • $7,900,000 Asking Price, Class A Asset
  • 17.9-acre waterfront lot in Port St. Lucie, FL
  • $890,913 NOI, 11.28% Cap Rate
  • Generating six to seven figures in annual net income
  • Existing cemetery with expansion potential including new mausoleums and potential on-site funeral home.

Property Details for 2200 Del Rio Blvd

Property type
Land
Class
A
Lot Size (sq. ft)
779,724 SF

Location Insight

City
Port St. Lucie
County
St. Lucie
State
Florida
Latitude
27.287001
Longitude
-80.416627
2200 Del Rio Blvd, Port St. Lucie, Florida

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2200 Del Rio Blvd
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