Special Purpose•Assisted Living•For Sale

Assisted Living Development or Expansion Opportunity. Seller Financing Available.

5660 Mauna Loa Boulevard, Sarasota, Florida 34240

Sale Price $3,600,000
Sale Type Owner User
Bldg Type Owner-User
Class B
Status Proposed
Year Built 1973
Year Renovated 1995
Stories 1
Annual Taxes $32,444.00
Gross Bldg 21,039 SqFt
Floor Size 21,039 SqFt
Land Area 7.46 Acres
Market Tampa/St. Petersburg
Sub-Market Sarasota
Parcel# 0240 06 0001
This is an opportunity for an ALF-Memory Care Operator to get a 67-bed facility into operation or expand up to a 180-bed facility, as zoning permits. This property consists of · 5660 Mauna Loa Bv – 7.46-acres · 21K sf Building (Former ALF/Memory Care Facility) Zoning - Planned Commerce District (PCD) - The PCD District provides an area for coordinated mixed use developments which include industrial, commercial, office, educational, civic, institutional, residential and service uses within a planned development with appropriate perimeter buffering and open space. This district allows for significant contribution to the economic base of Sarasota County. The variety of land uses available in this district will allow flexibility to respond to market demands and the needs of tenants, which provides for a variety of physically and functionally integrated land uses. · ALF/IL/Memory Care · Medical Office Price: Asking $3.6M OBO - will consider all reasonable offers Financing: Seller will accept a cash offer or funding from a third-party lender. Seller Financing: Considered for a Qualified Purchaser. Rate and Terms to be determined.
  • 67-Bed Assisted Living Business Reactivation
  • Property Includes 21,000 SF Former ALF Situated on 7.46-acres
  • 180-Bed ALF-Memory Care Expansion Opportunity
  • Seller Financing Offered to Qualified Purchaser

1 Spaces

10/15/2019 12:00:00 AM 10/17/2019 1:30:30 PM
Benny Spensieri
CRES Corp International


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