Property summary
This exceptional 27,408 square foot assisted living and memory care facility in Margate, Florida, presents a lucrative investment opportunity. Located at 6810 SW 7th St, the property offers a comprehensive range of services designed to meet the growing needs of the senior population. The facility boasts secure memory care units, providing a safe and supportive environment for residents with cognitive impairments. In addition to specialized memory care, the property includes amenities such as therapy services, an on-site beautician, and inviting common areas to foster socialization and engagement. A structured activity program is in place to enrich the lives of residents and promote their well-being. This turnkey operation is poised for continued success, capitalizing on the increasing demand for high-quality senior care in a vibrant community. The asking price for this exceptional investment opportunity is $14,000,000. The property is situated on a 0-acre lot and offers a significant return on investment potential within the thriving senior living market. This is a rare chance to acquire a well-established and profitable business in a desirable location. The facility is fully equipped and ready for immediate operation, minimizing the need for significant capital expenditures. This presents a compelling opportunity for investors seeking a stable and rewarding investment in the growing senior care sector.
Property profile
VerifiedCap rate & NOI
Current use
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Nursing Home Retirement Community
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this zone is to provide multiple dwelling facilities
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Margate, FLThe intent of this zone is to provide multiple dwelling facilities
Zoning
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Zoning designation
Official district profile
The intent of this zone is to provide multiple dwelling facilities
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-3 in Margate, FL.
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