103 W Main St, Lakeland, GA

Others for Sale - $344,900

Agent Info

John Courson
Coldwell Banker Commercial Premier Real Estate

Property Info

  103 W Main St
  Lakeland GA 31635
UpdatedJanuary 4th, 2024

Property Description

Great opportunity to buy both real estate and established long-term assisted-living business just outside of downtown Lakeland GA. Lake Irma Personal Care Home has been operated by seller for over 12 years in this central and well known location. 15 bed capacity with both private pay and state assisted paying residents in place now with 24 hour supervision. Building, business, all furniture, fixtures, & equipment go along with this sale - all you need is transition staff / operator. Large corner lot, detached storage building, city water / sewer, & plenty of parking. Lots of retail / professional offices, schools, dining, entertainment all within blocks of this property. Ultra conservative proforma of $2200/mo/bed, stabilized 67% occupancy, and 70% OPEX will be north of an 18% cap rate! Current occupancy and financials available to qualified prospects with signed Confidentiality Agmt.


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