Fully Entitled ALF Development

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. Contact Listing Broker for details.

Description:

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 $699,000, 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.

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