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Lasbury Tracy Realty Inc
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$1,799,000

Active Under Contract

Spring Hill, FL 34608 · MLS# TB8505564

3,327 sq ft

Listing courtesy of COLDWELL BANKER REALTY · MLS# TB8505564

104 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

Under contract-accepting backup offers. 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.

Facts

Property type
Mixed Use
Year built
2021
Flood zone
X
Annual taxes
$8,434/yr
Listed
May 4, 2026
MLS #
TB8505564

Commercial details

Building & site

Building size
3,446 SF
Lot size
0.46 acres (20,000 SF)
Road frontage
City Street
Buildings
1

Investor metrics

Price per SF (MLS)
$522.05/SF

As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.

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Spring Hill, FL 34608

Listing courtesy of COLDWELL BANKER REALTY · MLS# TB8505564 · Active Under Contract

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In person · Thu, Oct 29 · Morning (9-12)

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Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 8:05 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. · [email protected]