Edgewater Manor Assisted Living Facility

Special Purpose for Sale
Catylist Listing ID: 30786278
Property Subtypes: Senior Housing
Building Size (RSF): 8,676 SF
Gross Building Area: See Agent
Gross Land Area: 32,426 SF
Sale Price: $2,850,000
Property Use Type: Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 5/5/2022

Overview / Comments

Water front with full water view of Clearwater Harbor! Recently existing 24 room/29 bed Assisted Living Facility with possible redevelopment opportunity as Multifamily Residential Development. Zoning designation of Medium Density Residential (MDR) with an underlying zoning and future land use (FLU) of Residential Urban (RU). The maximum dwelling units allowed are 7.5 units per acre, therefore allowing 5 units (townhomes/single family homes). The subject property is grandfathered in at 24 units. Please inquire with listing agent for additional information. Buyer to verify all square footage on all property. Please do not approach staff/residents. Call listing agent Margie West at 727-470-7547 for information.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 15 29 03 00000 220 0400
Property Visibility: Excellent
Highway Access: Hwy. 60 to north on S. Myrtle Ave. (Alt. Hwy 19), continue onto N. Ft. Harrison Ave., continue onto Edgewater Dr., turn right onto Marine St., property will be on the right, 2057 Edgewater Drive.
Site Description: 75 feet to Water Frontage with full water view of Clearwater Harbor!
Area Description: Morton Plant and Mease Dunedin Hospitals, Hale Senior Activity Center, Clearwater Lawn Bowls Club, Blue Jays/Philly's training facilities, Clearwater Airpark, Edgewater waterfront park and playground, Comfort Suites.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1960
Construction/Siding: Block
Interior Description: 24 bathrooms (19 private, 4 shared and 1 half bath), wireless central monitoring system and a nursing call paging system for residents, waterfront dining room, planned social activities, transportation assistance, laundry services.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,629 85,636 214,526
Median Age: 40.13 45.37 46.74
Households: 5,864 38,367 98,669

Contact

Photograph of Listing Agent

Tina Marie Eloian, CCIM

Florida Commercial Group CE-FL Member
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