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  • MLS#: TB8505564 ( Commercial Sale )
  • Street Address: Address Not Provided
  • Viewed: 51
  • Price: $1,799,000
  • Price sqft: $522
  • Waterfront: No
  • Year Built: 2021
  • Bldg sqft: 3446
  • Days On Market: 8
  • Additional Information
  • County: HERNANDO
  • City: Spring Hill
  • Zipcode: 34608
  • Subdivision: Spring Hill
  • Provided by: COLDWELL BANKER REALTY
  • Contact: Mitchell Eckley
  • 813-286-6563
  • mfrmls
  • DMCA Notice
  • Description
    This confidential offering presents a high upside investment opportunity: a newly constructed (2021) Assisted Living and Memory Care Facility located in a rapidly growing Central Florida submarket. Situated on two parcels totaling approximately 20,000 square feet, the property offers excellent accessibility near major roadways and established medical providerskey drivers for sustained demand and referral flow. The facility is currently operating at approximately 60% occupancy, well below the markets stabilized average, creating a clear and immediate value add opportunity through lease up. The existing care model supports both private pay and Medicaid residents, allowing for diversified revenue streams and consistent occupancy demand. The property is currently licensed for 10 residents, with the ability to increase capacity to 14 residents within the existing footprint. In addition, a zoning determination letter confirms the potential to expand up to 16 residents, presenting a scalable growth strategy for increased revenue and NOI. With modern construction, below market occupancy, and confirmed expansion potential, this asset is ideally positioned for an operator or investor seeking to drive NOI through operational improvements, census growth, and future development. Seller financing is available, offering additional flexibility for qualified buyers. Detailed financials, licensing documentation, and expansion information will be made available upon execution of a confidentiality disclosure.
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Features
Home Owners Association Fee
  1. 0.00
Association Name
  1. N/A
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. SPRING HILL UNIT 20 BLK 1363 LOTS 12 & 13
Living Area
  1. 3327.00
Area Major
  1. 34608 - Spring Hill/Brooksville
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. R32-323-17-5200-1363-0130
Possession
  1. Close Of Escrow
Property Condition
  1. Completed
Property Type
  1. Commercial Sale
Road Frontage Type
  1. City Street
Roof
  1. Shingle
Tax Year
  1. 2025
Township
  1. 22S
Views
  1. 51
Year Built
  1. 2021