
$1,799,000
Spring Hill, FL 34608
Listing updated: May 7, 2026 at 6:28 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Day on market
Flood zone
About this home
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history1 days on market
- Status: ActiveMay 7, 2026
- Listed$1,799,000May 6, 2026
- Price increased$1,799,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Mixed Use
- Status
- Active
- Days on market
- 1
- Subdivision
- Spring Hill
- County
- Hernando
- Year built
- 2021
- Living area
- 3,327 sq ft
- Price/sq ft
- $522
- Building area
- 3,446 sq ft (Public Records)
- Lot size
- 20,000 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12053C0169D)
- Annual taxes
- $8,434 (2025)
- Parcel #
- R32-323-17-5200-1363-0130
- MLS #
- TB8505564
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Heating & Cooling
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- HOA name
- N/A
- Listing terms
- Cash, Commercial Financing, Owner Financing
- Ownership
- Fee Simple
Exterior & Construction
- Construction materials
- Block
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Asphalt
Listing Details
- Listing date
- 2026-05-04
- On market date
- 2026-05-06
- Original list price
- $1,799,000
- MLS area
- 34608 - Spring Hill/Brooksville
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-05-07
- Tax legal description
- SPRING HILL UNIT 20 BLK 1363 LOTS 12 & 13
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 7, 2026 at 6:28 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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