Seller Financing
Address
Not Disclosed, SPRING HILL, FL
Price
$ 1,799,000
Property Attributes
  • MLS#TB8505564
  • TypeCommercial
  • Listing Status Pending
  • CountyHernando
  • CitySPRING HILL
  • AreaSpring Hill/Brooksville
  • NeighborhoodSPRING HILL
  • Zip34608
  • StyleMixed Use
  • Year Built2021
  • Taxes$ 8433
  • Price$ 1,799,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3327
  • Lot Size0.46 Acres
Data Source:
Stellar MLS
Property Description

Under contract-accepting backup offers. 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 providers—key drivers for sustained demand and referral flow. The facility is currently operating at approximately 60% occupancy, well below the market’s 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.

Price History
5/7/2026 Listed $1,799,000

General Features

Cooling Central Air
Possession Close Of Escrow
Roof Shingle
Construction Materials Block
Year Built 2021
Property Subtype Mixed Use
Tax Year 2025
Ownership Fee Simple
County Hernando
New Construction false
Property Type Commercial Sale
Subdivision Name SPRING HILL
Status Pending
Directions From the Suncoast Parkway, take County Line Rd west. Turn right onto Linden Dr, then right onto Partridge St. Property will be on your right.
City SPRING HILL
Association Name N/A
MLS Area 34608 - Spring Hill/Brooksville
Lot Size Units Square Feet
Lot Size Square Feet 20000
Listing Terms Cash,Owner May Carry
Tax Annual Amount 8433.76
Property Condition Completed
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active Under Contract
Tax Lot 12
Legal Description SPRING HILL UNIT 20 BLK 1363 LOTS 12 & 13
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
Flood Zone Code X Yes

Interior Features

Total Stories 1
Air Conditioning Y/N true
LivingAreaSource Public Records

Exterior Features

Lot Size Area 20000
Foundation Details Slab
Number of Buildings 1
Building Area Total 3446
Lot Dimensions 80 x 125
Lot Size Acres 0.46
Road Surface Type Asphalt
Waterfront Y/N false
Road Frontage Type City Street
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 34608

Price
AVG $1.8M
$1.8M
Taxes
AVG $8,433
$8,433
Year Built
AVG 2021
2021