• Favorites
    • Sign up/Log in
    •  305-296-1400
    •  Email
    •  Locations

Commercial Real Estate in Key West & the Florida Keys by RE/MAXCommercial Real Estate in Key West & the Florida Keys by RE/MAX

  • Menu
  • Home
  • Commercial Search
    • Commercial Property Search
    • Our Commercial Properties
    • Newest Commercial on the Market
  • Property Types
    • Bars & Restaurants
    • Office Buildings
    • Marinas
    • Hotels/Motels/B & B’s
    • Investment Properties
    • Leasing
    • Industrial/Warehouses/Other
    • Business Opportunities
    • Multi-Unit
  • Selling Your Property
    • Commercial Property Valuation
    • Residential Property Valuation
  • Search by Area
    • Key Largo
    • Islamorada
    • Marathon
    • Big Pine Keys
    • Key West
    • Duval Street
  • Residential Search
  • About
    • About Us
    • Meet the Team
    • Client Reviews
  • Blog
  • Contact

3 Simple Ways to Invest in Senior Housing

3 Simple Ways to Invest in Senior HousingIf you were a real estate investor, say, 10 years ago, you might have heard that senior housing was the next big thing. Back then, the Baby Boomer generation was the largest, and it followed logic that they’d need places to live.

As it turned out, the senior housing boom predicted 10 years ago might have been premature. “Boomers,” as it turned out, were not quite ready to move into senior housing. Even now, the youngest Boomers are only about 70, still 10 years younger than the average person who enters an assisted-living facility.

The lesson is that the hype around senior living that started a decade ago is only now starting to translate into real demand. In fact, the National Investment Center for Seniors Housing and Care (NIC) predicts that there will be twice as much demand for senior housing of various categories by 2045 as there is in 2020.

For real estate investors, it represents an attractive segment of in-demand housing. If you’re a real estate investor who has not yet capitalized on this growing demand, there’s no need to fret. Here are three easy ways to invest in the continuing senior housing boom.

Invest with the crowd

You can find real estate investment trusts (REITs) and individual stocks that specialize in senior housing. If you want to diversify an existing securities portfolio to include the impending demand for senior housing, your options are plentiful.

You could also go online and pretty easily find crowd-funding sites that specialize in senior housing investments. You might have to be an accredited investor for some sites – $1 million net worth and/or $250,000 in annual income – but there are some crowdfunding real estate sites that cater to non-accredited investors that might provide a means to invest in senior housing.

Convert existing facilities

One of the ways that the growing demand for senior housing is being addressed is through the conversion of traditional properties to senior housing.

It involves hotels being transformed into assisted living or memory care facilities. It means that owners of multi-unit apartment buildings are adapting their facilities to accommodate seniors who require certain amenities and access to certain types of care. Why does this make sense?

The occupancy rate for senior housing is above 90 percent in 2019, higher than the historical rates of hotels and better than some traditional apartment buildings. Data also shows that senior housing is statistically less subject to turnover, which means that buildings that once were traditional multi-unit housing can be more profitable as senior-housing spaces, simply because of higher occupancy and lower turnover rates.

Acquire existing properties

Perhaps the easiest way to take advantage of the senior housing boom is to acquire existing properties that qualify as senior housing. This might include single-family homes in a retirement community that already has the amenities seniors seek, or investment in units within a condominium that has been designated for seniors.

According to the NIC, independent living is the segment of senior living most in-demand right now. That’s also the simplest of segments for real estate investors to get into, as it requires the least amount of provided care. Independent living is what it sounds like, often not requiring medical care for residents.

As the population ages, more senior living options will be necessary. The scenario presents an opportunity for investors to buy into growing demand, and there are various ways to accomplish this. Just keep in mind you don’t have to operate a “nursing home” in order to invest in senior housing.

Hot Key West Business Opportunities

1 Henry Morgan Road W 1 $38,000,000

1 Henry Morgan Road W 1 OTHER, Florida

99 Beds 119 Baths

1 Infinity Bay Road W 145 $28,000,000

1 Infinity Bay Road W 145 OTHER, Florida

99 Beds 170 Baths

1 Media Luna Resort Road W 126 $26,000,000

1 Media Luna Resort Road W 126 OTHER, Florida

99 Beds 109 Baths

$10,000,000

Other, Florida

30 Beds 33 Baths

27340 Overseas Highway $6,900,000

27340 Overseas Highway Ramrod, Florida

3,969 SqFt

1 Lands End  West End Roatan W $6,750,000

1 Lands End West End Roatan W OTHER, Florida

25 Beds 27 Baths

328 Whitehead Street $4,995,000

328 Whitehead Street KEY WEST, Florida

5 Beds 5 Baths 2,759 SqFt 0.330 Acres

7537 Overseas Highway $3,495,000

7537 Overseas Highway MARATHON, Florida

6,750 SqFt

91865 Overseas Highway $2,300,000

91865 Overseas Highway Tavernier, Florida

15 Beds 10 Baths 10,150 SqFt

100150 Overseas Highway $2,100,000

100150 Overseas Highway KEY LARGO, Florida

58835 Overseas Highway $1,499,000

58835 Overseas Highway MARATHON, Florida

3,414 SqFt

1000 Eaton Street $1,200,000

1000 Eaton Street KEY WEST, Florida

1 Baths 989 SqFt

Pirates Road $799,000

Pirates Road Cudjoe, Florida

Pirates Road $799,000

Pirates Road Cudjoe, Florida

2.200 Acres

Pirates Road $799,000

Pirates Road Cudjoe, Florida

96,547 SqFt

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated with new properties every HOUR. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals!

In the meantime, check out these 1-click searches:

  • All Businesses for Sale
  • Office Buildings
  • Hotels, Motels & Bed & Breakfasts
  • Bars & Restaurants
  • Marinas for Sale in Key West
  • Investment Properties
  • Business Opportunities

Newest Key West Commercial Properties on the Market

Excellent Opportunity to lease small retail/professional space in Old Town Key West directly on Truman Avenue with approximately ~600sf. Join the charming & friendly business environment that Historic Downtown has to offer, catering to a diversity of local dining, shopping & specialty services. Visible storefront with display windows and heavy traffic flow. Sales tax and shared water expense are in addition to monthly base rent quoted for a minimum two-year lease agreement. Vacant and easy to show. $1,850 Active

1100 Truman Avenue A KEY WEST, Florida

1 Baths 2,600 SqFt

White Sands Inn is located in Marathon, FL on the Atlantic Ocean with views that will take your breath away.  Unfortunately, hurricane Irma took it's toll on the first floor of this little motel.  The owners have made most major repairs but ran out of money to complete the motel.  Currently being sold as-is with the new owner to complete the first floor.  The second floor was not damaged and occupied.  All reasonable offers will be considered.  Don't let this deal get away.  Seller has all plans and estimates to pass on to the new owner.  Most of the major work is completed.  Call for details.  Please do not visit the property without an appointment.  Property comes with 1 market rate (single family building right) and 4 transient motel rights. $1,450,000 Active

57622 Overseas Hwy Highway MARATHON, Florida

8 Beds 8 Baths 3,082 SqFt

Offered for sale is Vaca Cove a 7 unit vacation rental property located in Marathon, FL.  The property is comprised of 7 stilted waterfront homes, dockage accommodating up to 40' boats per home, resort sized pool, fishing dock/kayak launch and built in 2016.  Each home is 1,740 Sq. Ft., 4 bedroom, 3 bath, open floor plan living area, large laundry, water front porches with open water views, private spas and covered parking.  This is an active vacation rental property with established management and increasing numbers.  Please do not go to property unscheduled.  Call for more information. $6,900,000 Active

12555 Overseas Highway MARATHON, Florida

28 Beds 21 Baths 12,180 SqFt

The BB & T building is a centrally located landmark in one of the best areas in Key West. A prestigious location for this expansive second floor condominium executive office suite. Ideally suited for any professional office; medical, attorney, accountant, investment, real estate and or continued insurance enterprise. This tastefully decorated and expansive office suite offers many desirable features: More than 1900 sq. ft., 2-private balconies facing east and west, kitchen, reception, multiple private offices, bull-pen, conference and ample storage. Common area baths located immediately adjacent to the suite. Utilities included. $5,500 Active

1010 Kennedy Drive 203 KEY WEST, Florida

1,912 SqFt

View All

Posted in: Buyers, Buying Commercial Real Estate, Buying Tips, Investing Tagged: Florida Keys, Florida Senior Housing, Invest, Investing, property investing, Property Investment, Senior Housing

Subscribe to our mailing list

* indicates required



Primary Interest *

Describe Yourself *


Post navigation

« 5 Tips to Get Repeat Renters for a Vacation Home
Simple Things That Make a Rental Property More Valuable »

Contact Us Now!

"RE/MAX

305-296-1400 Office
305-304-0084 Direct

cskomp@remax.net

Key West Office

410 Caroline St.
Key West, FL 33040

Key Largo Office

98880 Overseas Hwy.
Key Largo, FL 33037

Commercial Property Search

  • Commercial Search
  • Residential Search
  • Interactive Map Search
  • Search by Address
  • Search by Listing ID
  • Favorite Properties

Connect With Us!

Smart Search

Did you know the hottest properties in Key West often sell within days of being listed? Don’t miss out! Set up your own custom property alert so you can be notified of the newest commercial properties as they hit the market! Simply click the button below and choose the qualities that you want most and save your search to start getting alerts today!

Join Deal Alert

As local Key West Real Estate Agents we also have access to properties before they hit the market and can show you more information that is only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact us at your convenience. There is no obligation and or pressure… we hope to hear from you!

© 2021 · Curtis A. Skomp, CCIM · 305-304-0084 · Sitemap · IDX Sitemap · IDX XML Sitemap · Commercial Properties Key West FL
Disclaimer - All Rights Reserved by RE/MAX Commercial

Licensed in Florida | Key West FL Commercial Real Estate

AREAS WE COVER:

33040, 33043, 33042, 33050, 33036, 33037
Key West, Stock Island, Big Pine Keys, Marathon, Islamorada, Key Largo

Log in · Agent Center Page · Real Estate Website by Real Estate Websites by YourSiteNeedsMe.com