Blue Heron Blvd - 40 Bed Licensed Independent Living Facility - Assisted Livings FOR SALE


Riviera Beach, FL 33404- Park Manor
$4,000,000 USD
480-335-4474
Blue Heron Blvd - 40 Bed Licensed Independent Living Facility, Riviera Beach, FL for Sale
$4,000,000 USD
Assisted Livings - FOR SALE
1/32
null | 11.1% Cap Rate

Blue Heron Blvd - 40 Bed Licensed Independent Living Facility
Riviera Beach, FL 33404
Park Manor


HIGHLIGHTS

  • Prime Healthcare Corridor
  • Operational Upside
  • Value-Add Conversion
  • The property is licensed for 40 senior housing beds.

OVERVIEW

311 W. Blue Heron Blvd offers a rare opportunity to acquire a licensed 40-bed senior housing community in the heart of Palm Beach County with significant value add potential. While the property has historically operated as an independent living community, a new owner has the opportunity to reposition operations toward higher-acuity assisted living, where increased care levels can support stronger revenue and long-term asset value. Licensed by the State of Florida since 2001, the community includes a valuable Limited Mental Health (LMH) specialty designation, allowing operators to serve residents that many competing facilities cannot. The property features three single-story buildings with 25 resident rooms on a 0.55-acre parcel surrounding a landscaped courtyard, providing an efficient layout for assisted living operations. Located within 30 minutes of six hospitals, including St. Mary's Medical Center, a Level I Trauma Center, the property is well positioned to benefit from South Florida's growing demand for senior care. With nearly three decades of continuous operation, a clean regulatory history, and meaningful operational upside, this offering presents an exceptional opportunity for experienced assisted living operators and healthcare investors.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$534 USD /SF

CAP RATE

11.1%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

DG

APN/PARCEL ID

56-43-42-28-05-004-0071

ASK ABOUT THIS PROPERTY

Cayden PiroCrawford Commercial, powered by EXP RealtyMore Info
480-335-4474

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

Cayden PiroCrawford Commercial, powered by EXP RealtyMore Info
480-335-4474

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