5,228 SF Assisted Living For Sale — $2,800,000 — 201-221 NE 40th Ct, Oakland Park – #84982

Executive Summary
This 7-bedroom, 4-bathroom adult rehabilitation and treatment center for sale offers a rare opportunity for those looking to establish or expand a treatment center. Alternatively, it could be used as an assisted living facility, adult or family day care center, or specialized care residence*. Located near the vibrant culinary and arts scene of Oakland Park, this well-maintained property is just minutes from retail centers, fine dining establishments, and medical facilities.
Designed for functionality, the layout includes spacious common areas inside and outside, multiple entry points, and private rooms. The property is already equipped with key infrastructure such as a commercial-grade prep kitchen to streamline meal preparation, while an onsite generator ensures continuous power. Mature landscaping surrounds the property, creating a sense of tranquility, while maintaining easy access to major roads, shopping, and local amenities.
In addition, this offering is structured as a 3-year sale-leaseback, providing investors with immediate rental income of $198,000/year + NNN.
Whether continuing as a licensed facility or reimagining the space for a new purpose, this property is well-suited for a variety of care-focused or community-driven uses.
*Disclaimer: Buyer is responsible for verifying that their intended use complies with all zoning regulations and requirements set forth by the City of Oakland Park. The listing broker makes no representations or warranties regarding zoning, permits, or allowable uses and assumes no responsibility for the buyer’s due diligence.
Sale-Leaseback agreement:
Term: Three (3) years
Rate: $198,000/year + NNN
Cancellation Provision: In the event the non-profit fails to receive funding (and only for this reason), starting in year 2, tenant may have the option to provide six (6) months notice of their intent to terminate the lease, during which time the tenant shall continue to pay rent and vacate upon the expiration of the six months notice.

Allowed by right

Any use permitted in R-1 and R-2 (one-family dwelling, two-family dwelling, family community residence, family day care home), Townhouses and rowhouses, Multifamily dwelling, Boarding house or bed and breakfast with not more than four rental rooms, Parking structure to serve the development, Transitional community residence (4-10 residents; 660 ft from other community residences/recovery communities; state license or Oxford House charter), Recovery communities (1,200 ft from other recovery communities/community residences; licensed or Oxford House), Rooming house with not more than four rental rooms, Child care facility/center (separated by an 800 ft radius from other child care facilities)

With special approval

Any conditional use allowed in R-1, Transitional community residence located < 660 ft from another community residence or with more than 10 residents (licensed/Oxford House), Transitional community residence of a type for which the State offers no license, Recovery community within 1,200 ft of an existing community residence or recovery community (per Sec. 24-71(D) criteria), Community care facility