602 Melton Ave - Assisted Livings FOR SALE


Auburndale, FL 33823
$4,250,000 USD
407-257-2781
602 Melton Ave, Auburndale, FL for Sale
$4,250,000 USD
Assisted Livings - FOR SALE
1/11
null | Request Cap Rate

NEW


602 Melton Ave
Auburndale, FL 33823


HIGHLIGHTS

  • Group home facility that can accommodate up to 90 residents
  • In-place commercial kitchen
  • Convenient access to major thoroughfares (US-92 and Polk Parkway) and multiple public transit lines
  • Price significantly below replacement cost

OVERVIEW

Assisted Living/Group Home – Owner-User at 602 W Melton Avenue, Auburndale, FL 33823 presents a rare opportunity to acquire a substantial special purpose facility in the heart of Central Florida.? Formerly operated as a group home, the property features approximately 33,676 SF on 1.29 acres and is designed to accommodate up to 90 residents.? Positioned for an owner-user or specialized operator, the facility includes an in-place commercial kitchen and a functional layout suited for assisted living, group home, institutional, or other creative uses.? RIO (Residential, Institutional and Office) zoning adds flexibility, while the property’s accessibility to Magnolia Avenue, Polk Parkway, and multiple public transit lines enhances daily operations for staff, residents, and visitors.? Located near major employers, retail amenities, and established residential neighborhoods, this Auburndale asset offers both convenience and long-term potential.? Offered at $4,250,000, the property is priced significantly below replacement cost, creating an attractive value proposition for buyers seeking scale, utility, and upside in a growing Polk County market.?

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Assisted Living, Congregate Senior Housing, Rehabilitation Center

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,410 SF

ZONING

RIO

APN/PARCEL ID

25-28-11-336500-021010

ASK ABOUT THIS PROPERTY

Brian CarolanRed Wolf PropertyMore Info
407-257-2781

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Brian CarolanRed Wolf PropertyMore Info
407-257-2781

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