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Property 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 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.
Full Property Details
Full Property Details for MLS# TB8505564
General
- Price: $1,799,000
- Taxes: $8,433 (2025)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: TB8505564
- Updated: 5/6/2026
- Added to Site: 1 day(s) ago
Location
- Area: 34608 - Spring Hill/Brooksville
- County: Hernando
- Development Name: 34608 - Spring Hill/Brooksville
- Subdivision: SPRING HILL
- Driving 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.
Community
- Community Name: 34608 - Spring Hill/Brooksville
- Management Type: Owner Manager
- Mgmt. Company: Owner Manager
Heating & Cooling
- Cooling Type: Central Air
Structural Information
- # Buildings: 1
- Exterior Const.: Block
- Roof: Shingle
- Square Feet: 3,327
- Sq. Ft. Source: Public Records
- Year Built: 2021
Lot Features
- Lot Size (Acres): 0.46
- Lot Size (Sq. Ft.): 20,000
- Lot Size: 20000
- Lot Dimensions: 80 x 125
- Frontage: City Street
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $8,433.76
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: SPRING HILL UNIT 20 BLK 1363 LOTS 12 & 13
- Flood Zone Info: X
- APN: R3232317520013630130
- Property ID: R3232317520013630130
- Block/Lot/Section: 1363
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Price & Sales History for MLS# TB8505564
Date
Details
Price
Change
Source
5/06/2026
Listed
$1,799,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for MLS# TB8505564
MLS# TB8505564, Spring Hill, FL 34608 (MLS# TB8505564) is a Commercial property. MLS# TB8505564 is currently listed for $1,799,000 and was received on May 06, 2026. This property is listed by Team Eckley from our Tampa Westshore Office.Want to learn more about MLS# TB8505564? Do you have questions about finding other Commercial real estate for sale in Spring Hill? You can browse all Spring Hill real estate or contact a Coldwell Banker agent to request more information.



