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4614-4616 SW 7th Pl

3,705 SF Health Care Building Offered at £2,425,595 at a 15.21% Net Initial Yield in Cape Coral, FL 33914

Investment Highlights

  • Licensed 12-Bed Assisted Living Facility
  • Shovel Ready / Permits approved!
  • Approved Permit to expand for an additional 60 Beds!

Executive Summary

This fully operational facility features 12 licensed beds, with staff and care services already in place. The current building spans 3,705 SF on a 1.2-acre lot. There is also an opportunity for the buyer to develop a new facility on the adjacent lot, potentially adding up to 60 beds. All permits were already approved this is a shovel ready project.
Approved plans for expansion include constructing a new facility with an additional 42 living spaces to accommodate additional residents, with completion anticipated in the first quarter of 2025. The existing staff will be retained to ensure a seamless transition, and the facility plans to hire up to 20 additional employees to support the growing community. Offering both private and semi-private rooms, the facility will provide various pricing options. The thoughtfully designed layout includes accessible community spaces for gatherings and activities, enriching the overall living experience.
This is an excellent investment opportunity in an ALF market with very limited inventory. Please refrain from disturbing the existing business.

Property Facts

Price £2,425,595
Price Per Bed £33,689
Sale Type Investment or Owner User
Net Initial Yield 15.21%
Property Type Health Care
Property Subtype
Assisted Living
  • Healthcare Congregate SeniorHousing
  • Healthcare Continuing Care Retirement Community
  • Healthcare Skilled Nursing Facility
Lot Size 0.23 AC
Building Size 3,705 SF
No. Beds 72
Number of Floors 1
Year Built 2003

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-45-23-C4-01711.0220
Land Assessment
£78,535
Improvements Assessment
£220,861
Total Assessment
£311,178

zoning

Zoning Code R3-D
R3-D
  • Listing ID: 33300889

  • Date on Market: 25/09/2024

  • Last Updated:

  • Address: 4614-4616 SW 7th Pl, Cape Coral, FL 33914

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