201 Rosefield Ave, Leesburg, FL 34748

Under contract-accepting backup offers. This fully furnished former 20-bed assisted living facility is vacant and ready for repositioning. The property is currently partially approved for either a 19-bed Room & Boarding House (including manager) or an 18-bed Assisted Living Facility. It offers a flexible platform for multiple congregate uses subject to buyer verification with local authorities. PROPERTY HIGHLIGHTS: - Previously licensed ALF for 20 residents - 11 actual bedrooms FULLY FURNISHED AND IMPROVED WITH: – Fire sprinklers and fire alarm system – Automatic generator – Renovated kitchen – Some new flooring – New water heater – One new HVAC unit The current owners renovated the property with the intention of operating it as an independent living facility under the name Rosefield Commons. The building is now available for immediate repositioning. APPROVED & POTENTIAL USES: Room & Boarding House – 19 residents (including manager). Boarding houses are not licensed by the state, resulting in significantly lower overhead. Residents typically pay a fixed monthly rate for a private or shared room and share common areas, bathrooms, outdoor spaces, and laundry. Services usually include utilities, cable, phone, and common-area cleaning (residents maintain their own rooms). Continental breakfast is common; full meal service is optional. Assisted Living Facility – 18 beds (requires parking reconfiguration). Other potential congregate uses (buyer must independently verify with the City of Leesburg and applicable agencies): Independent Living, Memory Care, Day Care, Group Home, Foster Home, APD Group Home, Halfway House, and similar uses. PARKING REQUIREMENTS (PER CITY OF LEESBURG) Boarding House: Add approximately 6 parking spaces. Owner has an estimate of ~$5,900 to construct them. Assisted Living (18 beds): Reconfigure the parking lot to add three spaces, one of which must be ADA-compliant. Buyer should consult city planners, an architect/engineer, or contractor to confirm feasibility. Seller may consider a lease-to-own structure for a qualified buyer. Terms would be negotiated directly between the parties. IMPORTANT BUYER NOTE: Prior to the expiration of any due diligence period, the buyer is solely responsible for independently verifying all permits, zoning, allowed uses, parking requirements, capacity, market rents, regulations, financials, proformas, and any other factors related to their intended use of the property and building. This is a rare downtown Leesburg opportunity to acquire a turnkey-furnished former ALF with multiple potential paths forward and relatively modest capital improvements needed to resume operations.