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Investment Highlights

  • County zoning supports 14-bed Assisted Living Facility
  • Land cleared with development plans in place
  • Shovel-ready with reduced development timeline
  • Building plans and civil engineering completed for 34 beds
  • SWFWMD approved for construction
  • Seller financing available for qualified buyers

Property Facts

Price $1,800,000
Sale Type Investment or Owner User
Sale Condition Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Healthcare
  • Medical
Total Lot Size 4.60 AC
Zoning Commercial - This property has obtained a Special Exception Permit For a Congregate Care Facility, namely an Assisted Living Facility for 14 residents.

1 Lot Available

Lot

Price $1,800,000
Price Per AC $391,304.35
Lot Size 4.60 AC

Description

Located in the rapidly growing Spring Hill area, this 4.6-acre parcel offers a prime opportunity for the development of an Assisted Living Facility. The property has already progressed through critical early-stage planning, with land clearing completed and development concepts in place—allowing a new owner to move forward efficiently without the typical startup delays. The site has also received SWFWMD approval for construction, providing an added level of certainty and readiness. The property is currently zoned by the county for a 14-bed Assisted Living Facility; however, building permit plans and civil engineering have been completed for a 34-bed facility, presenting a compelling opportunity for a buyer to pursue expanded capacity. The layout has been thoughtfully designed for operational efficiency, making it an attractive option for developers, investors, and healthcare operators looking to enter or expand in the senior housing sector. Spring Hill and the greater Hernando County area continue to see steady population growth, particularly among seniors, while new assisted living inventory remains limited—positioning this property to meet rising demand in an underserved market. Seller financing is available, offering additional flexibility for qualified buyers.

Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
20/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
R35-222-18-3220-0000-0380
Land Assessment
$182,505
Improvements Assessment
$0
Total Assessment
$182,505
  • Listing ID: 40337185

  • Date on Market: 4/29/2026

  • Last Updated:

  • Address: 15022 Gar Street, Spring Hill, FL 34609

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