1931 Meadowridge Dr - ALF Development Opportunity
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1931 Meadowridge Dr - ALF Development Opportunity
1.5 Acres of Commercial Land Offered at $599,999 in Valrico, FL 33596
INVESTMENT HIGHLIGHTS
- Fully Approved Development: 15,000 SF development combining a 30-bed Assisted Living Facility (ALF) + medical office with 9 treatment rooms & 2 office
- High Demand Asset: Tampa ranks among the top markets for senior housing occupancy (averaging 89.2%) with senior housing construction at its lowest
- Due Diligence Available: Full engineering & architectural plans, construction plans, renderings, and more available. Contact Listing Broker for more.
- Strategic Location: Situated in the Greater Tampa Bay Area, catering to the rising demand for senior living and integrated healthcare services.
- High-Income Area: Within 1 mile, 37.6% of households earn over $125,000 annually, with an average income of $140,300.
EXECUTIVE SUMMARY
Located at in Valrico, FL (15 minutes from Downtown Tampa), this 1.5-acre commercial lot presents a remarkable opportunity for development in the thriving Greater Tampa Bay Area. Priced at $599,000, the site is fully entitled and approved for a 15,000 SF project designed to address the region’s growing demand for senior living and healthcare services. The planned development envisions a 30-bed Assisted Living Facility (ALF) alongside a modern medical office with 9 treatment rooms and 2 offices, offering a seamless combination of residential care and healthcare accessibility. Strategically positioned in a high-demand market with strong occupancy rates, this property promises both significant community impact and attractive investment potential for those seeking to capitalize on the expanding senior living and healthcare sectors.
DATA ROOM Click Here to Access
- Offering Memorandum
- Engineering & Architectural Plans
- Floor Plans
- Rezoning & Approvals
- Miscellaneous
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $599,999 | Lot Size | 1.50 AC |
| Price Per AC | $399,999.33 |
| Price | $599,999 |
| Price Per AC | $399,999.33 |
| Lot Size | 1.50 AC |
Prime commercial lot located at the corner intersection between Lithia Pinecrest Rd, Meadowridge Dr, and Chickasaw Trail, located just 20 minutes from Downtown Tampa.
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PROPERTY TAXES
| Parcel Number | U-36-29-20-2KW-000000-00001.0 | Improvements Assessment | $0 |
| Land Assessment | $131,625 | Total Assessment | $131,625 |
PROPERTY TAXES
Parcel Number
U-36-29-20-2KW-000000-00001.0
Land Assessment
$131,625
Improvements Assessment
$0
Total Assessment
$131,625
ZONING
| Zoning Code | PD (Planned Development) |
| PD (Planned Development) |
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1931 Meadowridge Dr - ALF Development Opportunity
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