Property summary
This exceptional 3,128 square foot assisted living facility in Clearwater, Florida, presents a unique investment opportunity. Located in Pinellas County (zip code 33755), this fully licensed and operational 11+ bed facility is offered at $800,000 ($255.75/sq ft). The sale includes the real estate, all furniture, fixtures, and equipment, and an active business with existing residents. Significant recent improvements enhance the property's value and functionality, including a complete main floor AC replacement (2021), second floor AC compressor replacement (2021), kitchen and four bathroom remodels, conversion from copper to PVC water pipes, updated showers, new ceramic tile flooring, and a new stove (2023) and gas dryer (2024). Further upgrades encompass a sewer connection (2019), balcony replacement (2019), installation of a fixed natural gas generator (2019), extended natural gas supply (2019), attic insulation (2023), and a tankless gas hot water heater (2019). The property boasts essential life safety systems, including sprinklers, a fire alarm, and an emergency generator. While currently operating as an assisted living facility, the property may qualify for alternative congregate living uses, subject to buyer verification with local authorities. Seller financing may be available for qualified buyers. All information is subject to verification by the buyer. The exact number of beds and detailed financial information will be provided upon execution of a non-disclosure agreement.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
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