- The property is in Escambia County, just 25 minutes (19+/- miles) outside of Pensacola. This area is experiencing a boom in development and population migration. New housing developments are selling out quickly and jobs are moving to the area.The property being offered is an approximately 3.5-acre lot with a 12,000+/- sqft building. The building offers 36 rooms which could easily accommodate 50 residents and is a great “H” layout for an ALF. The building has been partially gutted to prepare for the renovation. There is a current conditional use in place for Assisted Living.The current owner is a developer and bought the 7-acre parcel from Dade Paper a few years ago in a liquidation sale. He is splitting the front portion for development and offering the back portion with the existing building.The owner is willing to finance part of the project which would allow a buyer to get in and prepare for an SBA or construction loan. The downpayment and the building value may be enough collateral to initiate funding.This ALF Development for Sale will not last long. ALF Under Contract
- Status: PendingPrice: $495,000Licensed Beds: 50 Plus or MinusBuilding Size (Sq-ft): 12000Individual Bedrooms: 36Cap. Rate: 0Agent Name: Kalei StockstillAgent Contact Phone: 3215914113
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KW Commercial - Parks Commercial Group, LLC - Orlando
11 S. Bumby Ave, Orlando, Fl 32803