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Investment Highlights

  • Expansive property on nearly one acre offering exceptional versatility for multiple uses.
  • Features a walk-in food storage shed and an additional large utility shed for ample storage.
  • No HOA or deed restrictions, allowing maximum flexibility for use and customization.
  • Includes an elevator, washer, dryer, and commercial-grade food storage refrigerators for convenience.
  • Detached secondary structure provides ideal space for an office, gym, guest suite, studio, or creative retreat.

Executive Summary

Located in the heart of highly desirable Safety Harbor, this unique property is just minutes from the charming downtown district featuring award-winning restaurants, boutique shopping, local pubs, parks, the public library, wellness spas, lodging, and the renowned Safety Harbor Resort & Spa. Situated on nearly one acre and zoned R-3, this versatile property presents an exceptional opportunity for investors, developers, business owners, or those seeking a private multi-use compound. Formerly operated as an Assisted Living Facility and approved for 19 beds, the 3,825-square-foot main building offers a functional and well-designed layout. The interior features 12 bedrooms (5 downstairs and 7 upstairs), 5 bathrooms with both private and hallway access, a spacious living room, formal dining area, full kitchen, laundry room, and a bright enclosed porch filled with natural light. Notable features include: • Elevator • Whole-house fire sprinkler system • Two HVAC systems and two water heaters • Vulcan natural gas stove • Washer, dryer, and commercial food-storage refrigerators included • Generator • Walk-in food storage shed and additional large utility shed • Detached secondary structure ideal for an office. • Ample parking • No HOA or deed restrictions The expansive 0.95-acre lot (199 feet of frontage by 207 feet deep) provides endless possibilities, including room for a pool, additional residence, or future expansion. Located in Flood Zone X, no flood insurance is required. Permitted uses include Assisted Living Facility, Congregate Care Facility, Community Residential Home, Day Care, Church, Public Education Facility, Multifamily Residence, Two-Family Dwellings, and a variety of private compound opportunities. Floor plans are available in the photo gallery.

Property Facts

Price $1,475,000
Price Per Bed $77,632
Sale Type Investment or Owner User
Property Type Health Care
Property Subtype
Assisted Living
  • Healthcare Continuing Care Retirement Community
  • Healthcare Skilled Nursing Facility
Building Class C
Lot Size 0.95 AC
Building Size 3,825 SF
No. Beds 19
No. Stories 2
Year Built 1947
Parking Ratio 1.83/1,000 SF
Zoning R3 - RESIDENTIAL MIX USE

Amenities

  • Wheelchair Accessible
  • Smoke Detector
  • Backup Power / Generators
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
34-28-16-00000-430-0400
Land Assessment
$448,141
Improvements Assessment
$71,859
Total Assessment
$520,000
  • Listing ID: 32561451

  • Date on Market: 7/23/2024

  • Last Updated:

  • Address: 1055 Philippe Pky, Safety Harbor, FL 34695

Contact the Sale Advisor

1055 Philippe Pky - Assisted Living Facility - Multi Use

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