Fully Entitled ALF Development
MOTIVATED SELLER | HIGH INCOME ($140K+) WITH HIGH DEMAND ASSET
Marketing description
MOTIVATED SELLER SEEKING QUICK CLOSING
Located at in Valrico, FL, this 1.5-acre commercial lot presents a remarkable opportunity for development in the thriving Greater Tampa Bay Area. Priced at $350,000, the site is fully entitled and approved for a 15,000 SF project designed to address the region’s growing demand for senior living and healthcare services. The planned development envisions a 30-bed Assisted Living Facility (ALF) alongside a modern medical office with 9 treatment rooms and 2 offices, offering a seamless combination of residential care and healthcare accessibility. Strategically positioned in a high-demand market with strong occupancy rates, this property promises both significant community impact and attractive investment potential for those seeking to capitalize on the expanding senior living and healthcare sectors.
Investment highlights
- Fully Approved Development: 15,000 SF development combining a 30-bed Assisted Living Facility (ALF) and a medical office with 9 treatment rooms and 2 offices.
- Strategic Location: Situated in the Greater Tampa Bay Area, catering to the rising demand for senior living and integrated healthcare services.
- High Demand Asset: Tampa ranks among the top markets for senior housing occupancy (averaging 89.2%) with senior housing construction at its lower, highlighting strong demand and limited supply.
- High-Income Area: Within 1 mile, 37.6% of households earn over $125,000 annually, with an average income of $140,300. Within 5 miles, 24.9% earn over $125,000, and the average income is $107,729.
- Due Diligence Available: Full engineering & architectural plans, construction plans, renderings, and more available. Engineering & architectural plans available immediately upon CA execution. Contact Listing Broker Hayle Short at (813) 297-4914 for details.
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