722 E Lake Rd S - Assisted Livings FOR SALE


Tarpon Springs, FL 34688
$3,600,000 USD
727-491-5621
722 E Lake Rd S, Tarpon Springs, FL for Sale
$3,600,000 USD
Assisted Livings - FOR SALE
1/19
null | 12% Cap Rate

NEW


722 E Lake Rd S
Tarpon Springs, FL 34688


HIGHLIGHTS

  • Stabilized 30 bed ALF opportunity in north Pinellas
  • Great East Lake higher income area
  • Solid income performance with upside potential - 12% cap rate
  • Efficient 10,615 SF building
  • Excellent hospital access
  • Land size of 4.40 acres allows expansion to 50 beds total

OVERVIEW

Turnkey, cash-flowing going-concern asset with stabilized in-place income along an established growth corridor with strong demographic tailwinds. 25+ year continuous operating history. Day-one cash flow to new ownership — fully staffed, fully operational, absentee-ready. Entitled expansion upside: Pinellas County zoning approved for an additional 20 beds, bringing total licensed capacity to 50 beds. Rare opportunity to acquire a seasoned, income-producing operation with built-in scalability. CONFIDENTIAL LISTING. VISITS BY APPOINTMENT ONLY. MUST RESPECT RESIDENT PRIVACY. 48-HRS NOTICE REQUIRED.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

12%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Continuing Care Retirement Com

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

4.38 AC

LAND SF

190,793 SF

ZONING

LI

APN/PARCEL ID

15-27-16-00000-320-0200,15-27-16-00000-320-0210

ASK ABOUT THIS PROPERTY

Michael MonteclaroKlein & Heuchan, Inc.More Info
727-491-5621

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Michael MonteclaroKlein & Heuchan, Inc.More Info
727-491-5621

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.