$1,145,000 10637 Lithia Pinecrest Road Lithia, FL

MLS: A4215674   Type: Commercial   County: Hillsborough   City: Lithia   Zip: 33547   Style: Retail     Taxes: $7,223

Mortgage $5,376 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

0

0

0

4,468

4.89

1974

Motivated Sellers! Updated, 16 Beds MONEY MAKING ALF operated by The Same Owner for 23 Years. Reliable Annual Income Received is Approximately 25% Below Market Rent (Market Rent Increase Would Generate Over 22% Cap Rate.) This Well Established ALF Sits on 5 Commercial Acres (Can Modify Existing Building to 24 Beds.) Can Expand beyond 24 Beds (on 5 Acres Commercial Property) and Could be Perfect to Include Lucrative Memory Care Units. Seller Will Also Consider an Attractive Lease with Two Acres. In Addition, Seller Has a Fully Operating Recently Renovated, Profitable 6 Beds ALF Available(nearby) on 1 Commercial Acre for Only an Additional $325,000. A Great Opportunity to Include Lucrative Memory Care Units. Sold Separately or Package Deal. Seller is Religious and Under Charges Some of the Residents as a Way of Giving Back to the Community. If New Residents Were Charged the Going Rate, it Would Increase the Bottom Line Significantly! The Seller and Her Team Would be Willing to Stay up to a Year to Help With the Transition. The Sellers are Committed to Helping New Buyers Succeed and Will be Available to Help Throughout the Transition. The ALF's are located in Hillsborough County. According to the 2010 census, population was 1,229,226, making it the fourth most populous county in Florida. Please call or email If you are interested in further information about this golden opportunity. dimensions approximate, buyers to verify. Information deemed reliable but not guaranteed.

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Price History

4/6/2018 Listed $1,145,000

Business Type Assisted Living
Condo Environment Yn No
MLS Area 33547 - Lithia
Property SubType Retail
Property Type Commercial
Total Num Buildings 1
Township 30
Zoning AR

Interior Features

Pets Allowed Y/N Yes

Exterior Features

Building Area Total 43000.00
Lot Size Acres 4.89
Lot Size Square Feet 213008
Road Frontage Type State Road
Water Access Y/N No
Water Extras Yn No
Water View Yn No
Waterfront Feet Total 0
Waterfront Y/N 0

Property Schools



Direct Link:

http://www.sandyhartmannhomes.com/property/24-A4215674-10637-Lithia-Pinecrest-Road-Lithia-FL-33547

Gallery (2 photos)

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Property vs Zip Code Avg (33547)

Price 1.14M Avg 886K

Sqr Feet 4,468 Avg 16,107

Cost / Sqr Ft $256 Avg $55

Taxes $7,223 Avg $26,660

Acres 4.89 Avg 6.37

Visits 14 Avg 95

Days on Site 45 Avg 323

Walkscore® 6 Avg 28

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Listing Provided Courtesy Of: GLOBAL NETWORK REALTY & ASSOC.




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Location & Address

Sandy Hartmann & Associates Real Estate Team of Tampa Bay FL
5666 Seminole Blvd
Seminole, FL
727-400-3315