Tampa Florida ALF

OFF Market –

414 – 418 E Emily St. 33603
Incomplete Assisted Living Facility

*This is a partial new build – Project is 50-60% Complete
-Zoning: PD
-State approved and licensed for 87 beds
-51 rooms
-Stabilized value: $20mil
-Estimated Construction Costs to complete the Facility: $2mil

* The City of Tampa’s current plan is to bridge “Tampa Heights” to “Downtown Tampa” aligning with Bill Gates/ Jeff Vinik NHL’s Tampa Bay Lightning Owner’s $3B “Water Street” Makeover of Downtown Tampa.
This Building is adjacent to the City of Tampa’s upcoming mixed-use Project for Robles Park Public Housing. The city has already began vacating the buildings and not accepting any new leases for their plan is to start demolishing and relocating 2020. This will be replaced with a community with medium – high income levels. It will be a Multi-million dollar Mixed use Development project consisting of New offices, Retail, Apartments, Town-homes, etc. The city of Tampa has partnered with Investors for this mixed-use project as well as the 43 Acre West River Development project located in “Tampa Heights”. The new owner of this ALF will receive an extraordinary increase of value due to the Cities direction for Tampa Heights.

*** Also included: An 8 bed facility. Minutes Away

8117 n 11th st Tampa FL
8 beds/ 5 bath 2,684sf
Includes bonus room, Newly renovated, Roof, plumbing, electricity, block construction, and Ramp accessibility.. Ada Compliant Bathrooms
(Huge Rooms)

Current zoning: Special Use:
Can be used as
– 8 bed Assisted Living Facility
-For ALF you will only need: Fire Sprinklers and Fire Alarm.

Located In Sulphur Springs Tampa, FL
Very close to Busch Gardens. Lowry Park Zoo.

Can be Sold Separately.
Package Deal $7.1M + 3% buy side fee Net Or Best Offer

Highly Motivated Seller looking for Quick Close.

-Proof of Funds
-Bio/Recently Purchased Properties
-Letter of Intent.