624 Atlantic Ave Daytona Beach, FL 32118-4510

This exceptional investment opportunity presents a 85-bed assisted living facility (ALF) in Daytona Beach, Florida, situated directly across from the beach and conveniently located near Daytona International Speedway and Airport. The property, encompassing 0.806 acres, features a 16,731 square foot, two-story building constructed in 1946. Currently operating at 90% occupancy as a limited memory care facility, the property offers significant upside potential. The existing structure requires upgrades and repairs, including a new roof and cosmetic improvements. However, the permitted zoning allows for expansion or complete redevelopment, including the possibility of converting to a nursing home (with a special use permit) or establishing an adult day care center. The fee-simple ownership offers a rare chance to acquire a well-located, established ALF with substantial growth potential. The property's prime location and the potential for expansion or redevelopment make this an attractive investment for experienced operators seeking to capitalize on the growing demand for senior care services in the Daytona Beach area. The asking price is $5,500,000, representing a price per bed of $64,705. The property's APN is 09 15 33 25 01 0010.