Medical Corridor Land Acquisition
Land | 9.1 acres
Marketing description
Tampa General Hospital acquired TGH Brooksville in December 2023, transforming it from a community hospital into part of the #1-ranked Tampa Bay hospital system.
TGH North now operates three hospitals, one freestanding ER, two ambulatory surgery centers, and 10 primary/specialty clinics across Hernando and Citrus counties — with active expansion ongoing. This parcel sits 0.5 miles from TGH Brooksville on a high-traffic corridor, making it one of the most hospital-proximate available land positions in Hernando County.
During a VAB tax assessment proceeding, the Hernando County Property Appraiser assessed this parcel at commercial value — citing its Cortez Blvd corridor positioning as commercially situated. The magistrate retained the residential classification. While currently residentially zoned, this corridor-level commercial recognition provides meaningful support for a rezoning application. Combined with confirmed public water and sewer, TGH hospital adjacency, and active neighboring development, a commercial rezoning application is well-supported.
Investment highlights
- For Sale By Owner
- TGH NORTH ACTIVE EXPANSION — Tampa General acquired TGH Brooksville (Dec 2023) and is actively expanding services in Hernando County. This parcel is 0.5 miles from TGH Brooksville Hospital — prime medical office, urgent care, and healthcare-adjacent commercial positioning (e.g. ALF or Nursing home, Retail, Grocery anchor).
- 0.5 mi To TGH Brooksville
- 0.3 mi To Meritage Subdivision
- Medical Office Building (MOB) — Prime use — hospital-adjacent MOB commands premium rents ($28–38/SF NNN)
- Urgent Care / Surgery Center — HCA, AdventHealth, BayCare actively seeking Hernando County sites
- Medical-Adjacent Retail — Pharmacy (CVS/Walgreens), imaging center, physical therapy, labs
- Senior Living / ALF — Hospital proximity ideal for assisted living or memory care
- Residential Subdivision — Meritage/D.R. Horton adjacency — SFR or townhome development
- Mixed-Use Commercial — Retail/office along Cortez Blvd corridor
- VALUE CONTEXT: Cortez Blvd commercial land is trading at $425K–$1M+/acre for smaller C2-zoned parcels. At $214,286/acre, this 9.1-acre hospital-adjacent parcel with confirmed utilities, Cortez Blvd frontage, and residential zoning (PA assessed at commercial corridor value) offers a compelling below-market basis — with significant upside upon rezoning to commercial.
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