475-268-8823
1321 NE 24th Ave, Cape Coral, FL for Sale
Assisted Livings - FOR SALE
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1321 NE 24th Ave
Cape Coral, FL 33909
Diplomat


HIGHLIGHTS

  • Prime turnkey opportunity to acquire a stabilized class A senior facility in Florida’s most robust markets that generated $2 million of NOI in 2024.
  • Atrium at Liberty Park is a thoughtfully designed, 130-room, 135-bed assisted living and memory care facility, operating at an 86% occupancy.
  • Investment opportunity features 24-hour nursing care, memory support, secure outdoor areas, and a variety of lifestyle programs.
  • Dual licensing for assisted living and memory care allows flexible resident transitions, expanding market reach and boosting long-term occupancy.
  • Strategically located near Lee County VA Clinic, Florida Cancer Specialists, Cape Coral Hospital, and major retailers such as Target and Walmart.
  • Sits on 4.11 acres within a Commercial Corridor zone with a growing elderly population—projected to reach 109,000 within 10 miles by 2029.

OVERVIEW

Atrium at Liberty Park offers a rare investment opportunity in a thriving senior housing market. This 120,518-square-foot, Class A senior living facility spans 4.11 acres and features 130 rooms with 135 beds, 108 for assisted living and 22 rooms with 27 beds dedicated to memory care. Built in 2019 and currently 86% occupied, the property is fully operational with robust amenities including 24-hour nursing, memory support services, medication management, coordinated care, daily enrichment programming, fitness classes, outings, and secure outdoor areas. Designed for seamless transitions between levels of care, the facility attracts a broad resident base, driving consistent occupancy and reliable cash flow. With a net operating income nearing $2 million in 2024, this is a compelling, turnkey acquisition in one of Florida’s fastest-growing regions. Positioned within Cape Coral's Commercial Corridor, Atrium at Liberty Park benefits from unparalleled accessibility and proximity to key services. The property lies just minutes from the Lee County VA Healthcare Center, Florida Cancer Specialists, and Cape Coral Hospital, ensuring residents are near essential health providers. Located off a bustling commercial corridor, the site is surrounded by high-traffic retailers like Target, Walmart, ALDI, and BJ's Wholesale Club, offering convenience. Additionally, the area is well-connected with swift access to Fort Myers and Southwest Florida International Airport (RSW), enabling ease of travel for visiting family members and medical transfers. Cape Coral’s rapid population growth of 7% annually and its status as a retirement destination make it one of the nation’s most attractive markets for senior housing investment. Within a 10-mile radius, there are approximately 93,000 residents aged 65 and older, projected to increase to nearly 109,000 by 2029. This strong demographic demand, paired with a cost-effective service ratio and the facility’s strong performance, offers immediate returns and long-term growth potential. As the aging population continues to rise and demand for quality senior housing surges, Atrium at Liberty Park stands as a high-performing, strategically located asset ready to deliver sustained value to its next owner. Offers due by July 10. On-site inspections are available June 18 and 26 by appointment only.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atrium At Liberty Park

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Skilled Nursing Facility

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.11 AC

LAND SF

178,901 SF

ZONING

CORR

APN/PARCEL ID

04-44-24-C1-19000.0010

ASK ABOUT THIS PROPERTY

Jonathan CuticelliHilco Real EstateMore Info
475-268-8823

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Jonathan CuticelliHilco Real EstateMore Info
475-268-8823

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.