12 E Grove Ave, Lake Wales, FL 33853

Back

Special Purpose

12 E Grove Ave, Lake Wales, FL 33853Closed - 10/31/2025

$6,700,000 Built: N/A

N/A N/A N/A

Type of PropertySpecial Purpose

Style of PropertySpecial Purpose

Property Ft²25,666

Living Ft²

Price per Ft²N/A

PetsN/A

WaterfrontN/A

PoolN/A

FurnitureN/A

Property description of Special Purpose

Rare opportunity to own this prime 51-bed assisted living facility (alf) located at 12 e grove ave in lake wales, fl. This sale includes real estate, the business, required licenses, and a generator. Currently operating at 65% occupancy at a 5. 4% cap rate, this facility offers significant potential for increased profitability by filling vacancies and optimizing expenses to operate at a whopping 17% cap rate! This property also have the license to operate at 60 beds! Full staff and management in place! Alfs of this caliber rarely come to market—don’t miss out on this highly desirable investment opportunity!

Exterior Features

No information about Exterior Features.

Interior Features

No information about Interior Features.

Amenities

No information about Amenities.

Equipment/Appliances

No information about Equipment/Appliances.

Property Features

Name

MLSA11675602

ForeclosureN/A

Short SaleN/A

Parking

Parking Restrictions

Parking Spaces

Lot Ft²120,208

Approx. Lot Size

Boat Dock

Last Update212 days

Pet Restrictions

Floor Number

Cooling DescriptionCentral Building A/C

Heating DescriptionCentral Building A/C

View

Construction

Flooring Type

Maintenance Fees

TaxesN/A

Property contact form

Gladys Martinez PA305-321-7889gmrealtor7@gmail.com

City

Lake Wales

View city details

MLS Data Source: Miami Association of REALTORS. Copyright SEFMLS © 2026
Listing is a courtesy of Fausto Commercial Realty Consultants Inc. Office (cfm@faustocommercial.com, 786-748-7373). Agent (elevi@faustocommercial.com, 954-743-7594).
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

Mortgage Calculator

*Private Mortgage Insurance - included if downpayment is less than 20% of mortgage.

**Monthly payment - a sum of Principle, Interest, PMI, Tax, Insurance.

Request a showing

Offer amount

Share listing via email

Name	Address	Type	# of Students	Grades	Distance
Mclaughlin Academy Of Excellence	800 4TH ST S	public	542	6 - 10	0.26 mi
Polk Avenue Elementary School	110 POLK AVE E	public	531	PK - 5	0.44 mi
Endtime Christian School Of Excellence	200 S 3RD ST	private	52	PK - 12	0.62 mi
Edward W Bok Academy North	338 E CENTRAL AVE	public	615	6 - 8	0.77 mi
Canaan Academy	337 W CENTRAL AVE	private	39	PK - 8	0.89 mi
Candlelight Christian Academy	209 E SESSOMS AVE	private	184	PK - 12	1.08 mi
Hillcrest Elementary School	1051 STATE ROAD 60 E	public	662	PK - 5	1.27 mi
Spook Hill Elementary School	321 DR JA WILTSHIRE AVE E	public	584	PK - 5	1.46 mi
Roosevelt Academy	115 E ST	public	283	6 - 12	1.54 mi
Victory Ridge Academy	501 BURNS AVE	public	298	PK - 12	1.74 mi
Lake Wales Senior High School	1 HIGHLANDER WAY	public	1586	9 - 12	1.93 mi
Janie Howard Wilson School	306 FLORIDA AVE	public	448	PK - 5	1.96 mi

QR Link

Gladys Martinez - Real Estate Sales AssociateCompass Florida, LLC. NAR Realtor

Gladys Martinez is a real estate agent affiliated with Compass Florida, LLC.. Compass Florida, LLC. is a licensed real estate broker and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. no statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.