12 ALF with Single Family Home for Sale

Special Purpose for Sale
Sale Pending/Contingent
Catylist Listing ID: 30718429
Property Subtypes: Senior Housing
Status: Pending/Contingent
Building Size (RSF): 4,143 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 6/28/2021

Overview / Comments

Site is approximately 1-acre; two parcels, City of Clearwater (ALF) and unincorporated Pinellas County (single family home). One 12-bed assisted living facility that has been in operation since 1997 and is turn-key. One single family home next to facility that is move-in ready and comes fully furnished. Expansion potential to 21-beds if house is converted. ALF has active license and is in operation. This location is centrally located and minutes away from the local grocery store, supply store, rehab centers, and the hospital. Money maker with a upside potential.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: Pinellas County
Tax ID/APN: 19-29-16-70272-400-1002
Zoning: MDR
Property Located Between: US 19 N and Belcher Road
Property Visibility: Good
Largest Nearby Street: US 19 N
Feet of Frontage: 133
Area Description: Located next to Unitarian Universalists Church on Nursery Road.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,143 SF
Property Condition: Average
Year Built: 1956
Year Renovated: 1997
Roof Type: Hip
Construction/Siding: Block, Concrete, Stucco, Wood Frame
Parking Type: Surface
Parking Description: 4 surface spaces
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Zoning Description: MDR, Medium Density Residential
Lot Frontage: 133
Lot Depth: 130
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Access to single family home
Legal Description: PINELLAS GROVES SE 1/4, PT LOT 10 DESC COM SE COR OF LOT 13, ROSETREE COURT SUB TH S01DW 103.13 FT FOR POB TH S01DW 133.79 FT TH N89DW 130.66FT TH N01DE 133.79FT TH S89DE 130.61FT TO POB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,437 126,709 269,685
Median Age: 49.77 43.74 44.87
Households: 7,214 55,559 120,657


Photograph of Listing Agent

Michael Monteclaro

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