18,849 SF Commercial For Sale — $7,000,000 — 412 Southridge Rd, Delray Beach – #82140

Executive Summary
**83-Bed South Florida Recovery Housing Portfolio Delray Beach & Boynton Beach**
Offering Price: $6,600,000 (Includes Real Estate and Operating Business)
*Properties may be available with or without current business operations.
Rare opportunity to acquire a professionally operated portfolio of nine residential properties totaling 83 client beds across Delray Beach and Boynton Beach, Florida. This established portfolio includes both the underlying real estate and a long-standing operating platform positioned within one of the nation's most active recovery housing markets.
The portfolio maintains FARR and NARR certifications, demonstrates approximately 90% occupancy, and benefits from a proven operating history spanning more than two decades. The offering includes multiple strategically located residences serving the growing South Florida recovery community.
**Investment Highlights**
9 Residential Properties
83 Licensed/Operating Client Beds
Delray Beach & Boynton Beach Locations
FARR & NARR Certified Operations
Approximately 90% Occupancy
2025 NOI: $609,598
Real Estate Cap Rate: 9.24%
Turnkey Operating Platform Included
Established Referral Relationships
Significant Operational and Revenue Growth Potential
This offering presents an opportunity for behavioral healthcare operators, recovery housing providers, healthcare investors, and real estate groups seeking immediate scale in a high-demand sector with strong barriers to entry.
**Cap Rate
The offering is being marketed as a combined real estate and operating business acquisition. The reported 9.24% cap rate is based on the portfolio's 2025 Net Operating Income of $609,598 and the total acquisition price of $6,600,000, which includes both the underlying real estate and the established operating platform, market presence, referral relationships, certifications, and ongoing platform operations.
2025 NOI reflects ownership's current self-insurance structure. A new owner would be responsible for obtaining hurricane insurance, which is estimated to cost approximately $100,000 annually and may impact future operating expenses and net operating income.
Buyers are acquiring both income-producing real estate and a turnkey recovery housing business with established operations across nine properties totaling 83 beds in the Delray Beach and Boynton Beach markets.

Allowed by right

Conventionally sited single family detached residences, Family Community Residence (only if at least 660 linear feet from closest existing community residence housing four or more individuals, and operator is state-licensed/certified, nationally accredited, or recognized by Congress), Parking lots not associated with a use (pursuant to an adopted neighborhood or redevelopment plan), Pocket parks, Public educational facilities of The School District of Palm Beach County (subject to Section 4.3.3(HH))

With special approval

Child care and adult day care, Churches, or places of worship, and their attendant educational, nursery, Sunday school, recreational, and columbarium facilities (does not allow elementary school or general day care, which need a separate conditional use application or rezoning to CF), Private educational facilities (subject to Section 4.3.3(HHH)), Use of common recreational facilities such as swimming pools and tennis courts, associated with a subdivision, for club or commercial purposes, Single family detached residences in zero lot developments (only in the R-1-A and R-1-AA Districts), Large Family Child Care Home (subject to Section 4.3.3(TT)), Family Community Residence (only if less than 660 ft from an existing community residence, or state licensing/certification not required or not held), Transitional Community Residence (except as required by state law)