1055 Philippe Pkwy Safety Harbor, FL 34695
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.