New Construction 31-48 Bed Assisted Living Duval County

Jacksonville, FL
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Asking Price:$4,500,000
Gross Revenue:$715,974
Real Estate:$4,300,000
Cash Flow:$193,235
FF&E:$150,000
Established Year:2021
BUSINESS DESCRIPTION

My ALF Consultant proudly presents this brand-new, purpose-built assisted living facility, designed with the Residential Assisted Living model in mind to provide exceptional care in a warm, home-like environment.

Located in the heart of Jacksonville, FL, this property consists of two state-of-the-art buildings, offering approximately 11,000 square feet per gross building area, for a total of over 22,000 square feet.

The facility recently secured a zoning approval letter, allowing for an expanded capacity of up to 48 beds. Many rooms are generously sized to accommodate double occupancy, enabling the increase in capacity without the need for additional capital expenditures by adjusting the unit mix.

This is a rare opportunity to own a thoughtfully designed, turnkey facility that residents and their families will cherish. With its inviting atmosphere and strong community appeal, this property is sure to be a source of pride for its future owner.

Investment Highlights:
- 28 Bedrooms and 32 Bathrooms
- Zoning Approval for 48 Beds
- Automatic Generator with Underground Propane Tanks
- Spacious Rooms/Suites with private bathrooms
- Upside Opportunity and Pride of Ownership
- Built-in 2017 and 2022 for modern appeal

Prior to closing, the buyer is to verify all permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, capacity increase, number of licensed beds, proformas, FF&E valuation, and all other factors pertaining to using these parcel(s) and building(s) for the buyer's intended use. Provided in this ad is a proforma based on the 2023 P&L with add-backs plus additional projected income due to a possible increase of license beds. Buyer(s) to independently verify all financials, pro-forma figures, and add-back validity with their financials advisor/CPA.


DETAILED INFORMATION
Location
Jacksonville, FL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
22,296
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All Furniture Fixtures & Business Equipment Active ALF License Fire Sprinklers Automatic Generators Propane Fuel Tanks Transportation Van
Competition
The facility is positioned to provide moderate income families with a beautiful facility built in 2023.
Growth & Expansion
Zoning approved for up to 48 beds.
Support & Training
Owner to provide transition training. Timeframe to be negotiated.
Reason for Selling
Retiring
Franchise
This business is an established franchise
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Sunny
Gandhi
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Sunny Gandhi