4614 7th Pl Cape Coral, FL 33914-6442

This fully operational 12-bed assisted living facility in Cape Coral, Florida, presents a unique investment opportunity. Located at 4614 SW 7th Pl, 33914, the property sits on a 1.2-acre lot and encompasses 3,705 square feet. The existing facility is currently licensed for 12 beds and offers both private and semi-private rooms, with existing staff and services in place. A significant advantage is the approved permit for a substantial expansion, adding up to an additional 60 beds. Detailed plans are ready for immediate development on an adjacent lot, with the potential to construct a new 42-bed facility, projected for completion in the first quarter of 2025. This expansion will create up to 10 new jobs. The existing building is Class B and the property boasts a 15.10% cap rate, making it an attractive investment for both owner-users and investors. The current asking price is $3,100,000. This presents a rare opportunity in a market with limited inventory. The property's thoughtful design includes accessible community spaces for resident gatherings and activities. Please note that disturbing the existing business is discouraged.