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    1055 Philippe Pkwy Safety Harbor, FL 34695

    For Sale
    $1,873,500

    Prime location, endless possibilities. $1.87M

    Property size:
    3,895 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3,895 square foot mixed-use property in Safety Harbor, Florida, presents a unique investment opportunity. Currently operating as an assisted living facility, this two-story building boasts 12 bedrooms and 5 bathrooms, with approval for 19 beds. Situated on a 0.947-acre lot in a non-flood zone (X), the property features a convenient elevator, two HVAC systems, two water heaters, a fire alarm system, and a sprinkler system. The included appliances include a Vulcan stove with natural gas cooking. Two storage sheds, one with three refrigerators, and a separate office building are also on the property. Ample parking is available. The property is zoned R-3, offering flexibility for various uses, including office space, multifamily development, or a bed and breakfast. Built in 1947, this property offers significant potential for redevelopment or continued operation as an assisted living facility. The seller cannot close before January 15, 2025. Showings are available Monday-Friday, 10 AM-1 PM, by appointment only. Please do not enter the property without a confirmed appointment.

    Property Features for 1055 Philippe Pkwy

    General Information

    Property type
    Retirement homes
    Square Feet
    3,895 SF
    Lot Size
    41,251 SF

    Building Details

    Year Built
    1947
    Stories
    2
    Units
    1

    HighLights

    • Safety Harbor, FL
    • $1,873,500
    • Virtual Tour Available (link provided)
    • Safety Harbor, FL, 1‑acre lot
    • Existing Assisted Living Facility (ALF) with redevelopment potential as office space, bed & breakfast, multifamily, or day/med spa.
    • R‑3 Zoning
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Map

    City
    Safety Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6856865
    Latitude
    27.998266

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    FAQs

    What type of property is this?
    Retirement home - Prime location, endless possibilities. $1.87M
    Where is this retirement home located?
    The property is located at 1055 Philippe Pkwy Safety Harbor, FL.
    What is the asking price?
    The asking price for this property is $1,873,500.
    What are key features of this property?
    This property features: Safety Harbor, FL; $1,873,500; Virtual Tour Available (link provided)
    Request Owner's contact information
    1055 Philippe Pkwy Safety Harbor, FL 34695
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1055 Philippe Pkwy Safety Harbor, FL 34695
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