1189 W River Dr | Margate, FL 33063
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1189 W River Dr
Margate, FL 33063
Oasis at Margate Assisted Living Residence · Health Care Property For Sale
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64 Beds
Investment Highlights
- Lakeside two-story, 38,719-SF assisted living facility currently operating at 97% occupancy and 57 units/ 64 beds, recently rezoned for 101 beds.
- Accessibly located within a 10-minute commute or less of major thoroughfares I-95, Florida’s Turnpike, US-441, Florida 814, and popular conveniences.
- Amazing upside potential opportunity for the investor/operator to expand current license and drastically increase the revenue and bottom line income.
- Surrounded by a dense population of over 400,000 residents with a median age of 40+ years, who bring in an average household of more than $81,000.
Property Facts
| Sale Condition | Auction Sale | Building Size | 38,719 SF |
| Type of Ownership | Fee Simple | No. Beds | 64 |
| Property Type | Health Care | No. Stories | 2 |
| Property Subtype | Assisted Living | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.11/1,000 SF |
| Lot Size | 1.93 AC | Parcel Number | 48-41-25-04-0190 |
| Zoning | R-3 | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 1.93 AC |
| Building Size | 38,719 SF |
| No. Beds | 64 |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | R-3 |
| Parcel Number | 48-41-25-04-0190 |
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