201 Rosefield Ave Leesburg, FL 34748-5014
- Assisted living facilities
- 3,465 SF
- 0.20 lot acres
Current Use by Public Records
- Shady Lane Retirement Home / Assisted Living Facility
- Rosefield Commons Boarding House / Boarding House
Property Details for 201 Rosefield Ave
- Year built
- 1958
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.20 lot acres
- Property size
- 3,465 SF
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 23-19-24-0004-000-08001
- APU
- 231924000400008001
Description
This 3,465 sq. ft. property in Downtown Leesburg, FL, is a former 20-bed assisted living facility currently vacant and partially approved for use as a 19-bed room and boarding house (including a manager) or an 18-bed assisted living facility. The property is fully furnished and features fire sprinklers, a fire alarm, an automatic generator, a renovated kitchen, some new flooring, a new water heater, and one new HVAC unit. It includes 11 bedrooms. The seller will consider a lease-to-buy arrangement with negotiable terms. Potential uses, subject to verification with the City of Leesburg, include foster home, daycare, halfway house, independent living, memory care, and more. Boarding houses offer low overhead; residents pay a fixed monthly fee covering utilities, cable TV, phone, and common area cleaning (operational model may vary). Prospective buyers/tenants must independently verify all permits, market rents, approvals, regulations, parking, capacity, allowed use, zoning, financials, proformas, and other factors relevant to their intended use before submitting a letter of intent. The property sits on a 0.2-acre lot.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $665,000
- 6.5%
- $600,000
- 7%
- $650,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $590,000
- Geo Method
- $645,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $645,000
- Retail
- $705,000
- Mixed-Use
- $660,000
- Hospitality
- $595,000
- Educational
- $740,000
- Residential Income
- $730,000
- Energy
- $695,000
- Income-Based Land
- $690,000
- Food Service
- $650,000
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Lake
- State
- Florida
- Longitude
- -81.8759
- Latitude
- 28.8148
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA