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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

RARE SAFETY HARBOR OPPORTUNITY WITH ENDLESS POTENTIAL! Located in the heart of desirable Safety Harbor, this unique property is just moments from the charming downtown district filled with award-winning restaurants, boutique shopping, local pubs, parks, the public library, wellness spas, motels, and the renowned Safety Harbor Resort and Spa. Situated on nearly 1 acre and zoned R-3, this versatile property presents an exceptional opportunity for investors, developers, business owners, or those seeking a multi-use compound. Previously operated as an Assisted Living Facility and approved for 19 beds, the 3,825 sq ft main building is thoughtfully designed and well-equipped. Inside you’ll find 12 bedrooms (5 downstairs, 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.
Property highlights include:
• Whole-house fire sprinkler system
• Two HVAC units & two water heaters
• Vulcan natural gas stove
• Generator
• Ample parking with room for boats, RVs, kayaks, and recreational vehicles
The expansive 0.95-acre lot (199 ft frontage x 207 ft depth) offers room to add a pool, additional residence, or expand future development possibilities. Located in Flood Zone X — no flood insurance required. Permitted uses include: Assisted Living Facility, Congregate Care Facility, Community Residential Home, Day Care, Church, Public Education Facility, Multifamily Residence, Two-Family Dwellings, or private compound opportunities. Floor plans available in photos. This is a rare chance to own a flexible, income-producing or redevelopment-ready property in one of Safety Harbor’s most sought-after locations. PLEASE DO NOT ENTER PROPERTY WITHOUT A CONFIRMED APPOINTMENT. REALTORS- NO CONFIRMED APPOINTMENTS WITHOUT POF OR BUYERS PRE-APPROVAL License is not for sale - https://ahca.myflorida.com/health-quality-assurance/hqa-applications-for-licensure

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

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