624 S Atlantic Ave - Assisted Livings FOR SALE


Daytona Beach, FL 32118- Daytona Beach Shores
$5,500,000 USD
813-391-1545
624 S Atlantic Ave, Daytona Beach, FL for Sale
$5,500,000 USD
Assisted Livings - FOR SALE
1/25
null | 7.27% Cap Rate

624 S Atlantic Ave
Daytona Beach, FL 32118
Daytona Beach Shores


HIGHLIGHTS

  • 85 Bed Operating ALF
  • Development Opportunity: ALF Expansion or Nursing Home

OVERVIEW

This offering is an Assisted Living Facility, licensed for 85 beds, currently operating as a Limited Memory Care facility. Property is located right across the street from the beach and about 4-miles from the Daytona International Speedway and the Daytona International Airport. The building was constructed in 1946 and needs upgrades/repairs, to include a new roof and cosmetics. The new owner may want to consider an expansion or complete redevelopment of the facility. Permitted uses include:  ·        Nursing Home (Special Use Permit: CODB Land Development Code Section 3.4.G) ·        Adult Day Care The owners do not have the time or resources to take this facility to another level and wish to sell, or partner, with an experienced ALF operator. This offering includes:  ·        2-Story/16,731 SF Structure ·        Year Built: 1946 ·        .8063-acres ·        85 Licensed ALF Beds

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

7.27%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

85-Bed ALF or Development Opportunity!

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Rehabilitation Center, Skilled Nursing Facility

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

7400

APN/PARCEL ID

5309-25-01-0010

ASK ABOUT THIS PROPERTY

Benny SpensieriCRES Corp International, LLCMore Info
813-391-1545

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Benny SpensieriCRES Corp International, LLCMore Info
813-391-1545

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