123 Main StLakeland, FL 33815

Property Details for 123 Main St

Property size (Sq ft)

21,775 SF

Property type

Healthcare properties

Property subtype

Retirement homes

Description

This established 60-bed assisted living facility (ALF) in Lakeland, Florida, presents a compelling investment opportunity. Located at 123 Main Street, 33815, this stabilized property boasts 21,775 square feet of space, including numerous resident rooms and bathrooms, spacious common areas (dining areas, activity room, salon), a commercial kitchen, staff areas, and a nurses' station. The facility enjoys a high occupancy rate due to its focus on lower-income and Medicaid residents, a demographic with significant demand. The property sits on a large lot providing ample parking and outdoor space for residents. Commercial zoning allows for potential bed expansion, further increasing the facility's revenue potential. The asking price of $4,550,000 reflects a 9.59% cap rate and a strong NOI of $436,443. Financial details, including a 2023 P&L (using add-backs), are available upon execution of a Non-Disclosure Agreement (NDA). Buyers are responsible for independently verifying all financial information, permits, approvals, regulations, and other relevant factors prior to closing. A sister property with 55 beds is also available for acquisition within a one-hour drive, offering a potential combined total of 115 beds. This is a turnkey opportunity for investors seeking a stable, high-performing asset in a growing market.

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

28.0445

Longitude

-81.9583

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].