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Property profile & analytics
OFF-MARKET
Retirement homes

1055 Philippe Pkwy Safety Harbor, FL 34695

3,895 SF 0.95 ac lot Built 1947
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retirement homes
Year built 1947
Total area 3,895 SF
Lot 0.95 ac (41,251 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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