1012 72nd Ave Pensacola, FL 32506

This exceptional 55-bed assisted living facility (ALF) presents a compelling investment opportunity in Pensacola, Florida. Located at 1012 N 72nd Ave, this single-story, 17,569 square foot building sits on a 4.87-acre lot (APN: 112S312117000000) and boasts a 12% cap rate with a current NOI of $446,510. Built in 1988 and renovated in 2006, the property is zoned HDR and features 65 licensed units, currently housing 46 residents. The facility includes a fully equipped commercial kitchen, and is licensed for both ALF and limited mental care. Significant upside potential exists due to below-market rents and current vacancies. Approximately half the land remains undeveloped, offering substantial room for expansion. Outdoor amenities include a gazebo, putting green, and ample space for resident walks. The property benefits from a relatively new metal roof, newer air conditioning units, and two gas-powered generators. A comprehensive fire sprinkler system is installed throughout the building. This quiet location offers a peaceful environment with no nearby commercial uses. The property is shown by appointment only