We are offering a vacant 24-bed ALF that was previously rented by an operator. The operator will vacate and the building will be delivered vacant. The properties consist of (2) 12 Bed adjacent ALF’s that function as a single facility for operational purposes with a large shared courtyard in which residents from either building can access.
The tenant operated the facilities for 10 years but will be vacating the property for a new potential operator. Both properties have Fruitville Road frontage.
The sale is being offered in the following configurations:
– 15 Dade Ave, Sarasota, FL 34232 – 12 Beds & 5 Baths – 4,072 HSF & 4,408 Gross SF – .41 (+/-) Acres – $650,000
– 16 St Lucie Ave, Sarasota, FL 34232- 7 Beds & 4 Baths – 3,420 HSF & 3,760 Gross SF – .42 (+/-) Acres- $550,000
– Both properties 15 Dade and 16 St. Lucie – 18 Beds & 9 Baths – 7,492 HSF & 8,168 Gross SF – .83 (+/-) Acres – $1,200,000
HIGHLIGHTS:
– Opportunity to establish a new 24-bed Assisted Living Facility in Sarasota, FL
– Great visibility and frontage on Fruitvale Road
– Future Land Use: COI – Community Office/Institutional
– 18 beds and 9 baths between the two adjacent properties
– Being offered for sale at the Value Add Price
