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
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on September 25, 2026 9:44 AM UTC The listing information on this page last changed on Last updated on September 25, 2026 9:44 AM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 25, 2026 9:44 AM UTC
The information being provided by Houston Association of REALTORS, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Houston Association of REALTORS, Inc. This web site may reference real estate listing(s) held by a brokerage firm other
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© 2026 Greater Alabama MLS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Numen Realty Advisors. Data last updated: September 25, 2026 9:36 AM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating