FL
Hernando
SPRING HILL
34608
13031 PARTRIDGE STREET, SPRING HILL, FL 34608
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Listing Type
Commercial/Industrial
Listing Status
Active
39
$1,799,000

Home Details for 13031 PARTRIDGE STREET

Price
$1,799,000
Type
Commercial Sale
Square feet
3327
Year built
2021
Lot size acres
0.46
County
Hernando
Days on site
1
MLS Listing#
TB8505564
Property Description

This confidential offering presents a high-upside investment opportunity: a newly constructed (2021) Assisted Living and Memory Care Facility located in a rapidly growing Central Florida submarket. Situated on two parcels totaling approximately 20,000 square feet, the property offers excellent accessibility near major roadways and established medical providers—key drivers for sustained demand and referral flow. The facility is currently operating at approximately 60% occupancy, well below the market’s stabilized average, creating a clear and immediate value-add opportunity through lease-up. The existing care model supports both private-pay and Medicaid residents, allowing for diversified revenue streams and consistent occupancy demand. The property is currently licensed for 10 residents, with the ability to increase capacity to 14 residents within the existing footprint. In addition, a zoning determination letter confirms the potential to expand up to 16 residents, presenting a scalable growth strategy for increased revenue and NOI. With modern construction, below-market occupancy, and confirmed expansion potential, this asset is ideally positioned for an operator or investor seeking to drive NOI through operational improvements, census growth, and future development. Seller financing is available, offering additional flexibility for qualified buyers. Detailed financials, licensing documentation, and expansion information will be made available upon execution of a confidentiality disclosure.

Property Features
  • Cooling Information
    • Central Air
Listing Courtesy: COLDWELL BANKER REALTY - 813-286-6563
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.
Last Updated: 2026-05-07 17:12:05
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EXIT SUCCESS REALTY
18120 Powell Rd, Brooksville, FL 34604
Carol Ridlon
REALTOR
Office
352 686 2222
Agent
352 346 8728
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