Santovenia Assisted Living Facility & Adult Daycare — Sale in Jacksonville, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Jacksonville, FL 32217

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Description

Marcus & Millichap is pleased to present the opportunity to acquire 6856 St. Augustine Road, a value- add Healthcare Residential Redevelopment opportunity in Jacksonville, FL.. The property is located just south of the intersection of University Boulevard and St. Augustine Road within the San Marco / San Jose corridor.? ? The property is currently undergoing renovation and is vacant, offering a new operator the ability to complete improvements and execute a full lease-up stabilization. The asset consists of a 3,600 square-foot, two-story concrete building situated on an 11,326 –square foot corner lot with direct frontage along St. Augustine Road.? ? The facility is configured for 14 licensed beds across 8 resident rooms, including 6 double-occupancy rooms (12 Beds) and 2 private rooms (2 Beds). The layout includes a commercial kitchen, community living area and sunroom. The second floor provides two staff quarters, an additional kitchen, and office space. The layout and common areas provide a viable opportunity to include adult day care services, creating an additional revenue stream.? ? Constructed in 1958 and renovated in 1975, the property is currently undergoing a comprehensive renovation. The building features a concrete slab foundation, Masonry block construction with Stucco exterior, and a wood truss roof with asphalt /composite shingles. HVAC will be centralized and a wet sprinkler fire suppression system. Asphalt surface parking is provided for 18 spaces. Supporting both resident use and adult day care operations. The site is zoned CRO (Commercial / Residential /Office), a flexible mixed –use designation that supports medical and service-oriented uses with strong visibility.? ? The proposed payor mix includes 2 Medicaid beds, with the remaining position for private pay, VA assistance, and /or insurance reimbursement. Based on market comparables, projected average monthly rate are approximately $3,200 per double-occupied bed and $5,200 per private room.? ? V

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