Share This Listing

Message

909 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

High-CAP Retirement Home - 173,653sqft ALF + 5 acres Multifamily Land 173,653 SF Health Care Building Offered at $71,890,003 CAD at a 8.27% Cap Rate in Venice, FL 34293

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Lucrative Business Opportunity
  • Over 5 acres of developable multifamily land attached
  • Area of immense development
  • Over 173k sqft of building
  • High traffic area
  • Large potential

EXECUTIVE SUMMARY

Lucrative real estate & business opportunity! Roughly 8 CAP w/ fillable vacancies- plus 5 acres of cleared multifamily land for a high-rise development or extension of currently development. Gross income of roughly $4m operating at approximately 23.5% vacancy rate.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $8,048,711 $46.35
Other Income - -
Vacancy Loss - -
Effective Gross Income $8,048,711 $46.35
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $8,048,711
Annual Per SF $46.35
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $8,048,711
Annual Per SF $46.35
Net Operating Income (CAD)
Annual -
Annual Per SF -

PROPERTY FACTS

Price $71,890,003 CAD
Price Per Bed $378,368 CAD
Sale Type Investment or Owner User
Cap Rate 8.27%
Property Type Health Care
Property Subtype
Congregate Senior Housing
  • Healthcare Assisted Living
  • Healthcare Continuing Care Retirement Community
  • Healthcare Skilled Nursing Facility
Lot Size 12.60 AC
Building Size 173,653 SF
No. Beds 190
No. Stories 3
Year Built/Renovated 2018/2024
Zoning RMF3 - Multifamily, high-rise

ROOM MIX INFORMATION

DESCRIPTION NO. BEDS
ALF Units 190

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0460-13-0003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$23,041,334 CAD
  • Listing ID: 34818490

  • Date on Market: 2025-02-13

  • Last Updated:

  • Address: High-CAP Retirement Home, Venice, FL 34293

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}