1234 Main StSebastian, FL 32958

Exceptional investment opportunity in Sebastian, Florida, presents a 31-bed assisted living facility situated on a 0.65-acre lot. This established business boasts a 13,000 square foot building and a strong historical occupancy rate exceeding 85%. The property's impressive financial performance is highlighted by a Net Operating Income (NOI) of $454,977, translating to an attractive 11.38% capitalization rate. The asking price is $3,999,000. Located at 1234 Main St, Sebastian, FL 32958, in Indian River County, this facility benefits from a rapidly growing area with increasing demand for senior living services. The sale includes the real estate, established business, and furniture, fixtures, and equipment (FF&E). Prospective buyers are responsible for independently verifying all aspects of the property, including permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, and the exact number of licensed beds. Financial information provided is based on 2023 income with add-backs