7051 Seacrest BlvdLantana, FL 33462

Property Details for 7051 Seacrest Blvd

Year built

1996

Construction

CONCRETE

Lot size

1.34 AC

Property size (Sq ft)

36,615 SF

Zone code

CG

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

00-43-45-09-23-000-0022

APU

434509230000022

Description

This exceptional investment opportunity encompasses a thriving, fully operational healthcare campus and a substantial residential component, all situated on a sizable land parcel in Lantana, Florida. The main campus, a four-story building spanning 36,625 square feet, sits on 1.34 acres and is currently licensed for 14 detox beds and 44 residential beds. The facility's design allows for significant expansion of bed capacity, presenting a clear path for future growth and increased revenue. The building itself is meticulously maintained and fully furnished, including 18 administrative offices, an executive office suite, multiple waiting rooms, common area bathrooms, a utility room, laundry facilities, a network room, ample storage space, a backup generator, and a refreshing outdoor pool. In addition to the main campus, the sale includes nine fully furnished duplexes, comprising 18 two-bedroom, one-bathroom units, totaling 15,120 square feet. These units are located on three contiguous parcels encompassing approximately 2.8 acres, providing additional income streams and potential for further development. The entire property presents a unique blend of healthcare and residential real estate, offering a compelling investment opportunity with significant upside potential. The turnkey nature of the operation minimizes initial setup costs and allows for immediate revenue generation. This is a rare chance to acquire a well-established, high-performing asset in a desirable location. The property's size, existing infrastructure, and licensing make it an ideal acquisition for an experienced healthcare investor or a group looking to expand their portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $11,051,685

  6.5%

  $10,201,555

  7%

  $9,472,873

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,281,374

  Geo Method

  $11,281,374

• Alternative Use

  Use

  Valuation

  Residential

  $12,941,103

  Hospitality

  $11,853,981

  Educational

  $9,862,373

  Medical

  $10,201,555

  Retail

  $15,341,469

Location Insight

City

Lantana

County

Palm Beach

State

Florida

Latitude

26.5711

Longitude

-80.068

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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