An affiliate firm is pleased to present a highly compelling investment opportunity in the heart of Florida’s healthcare real estate market.

Located at in New Port Richey, FL 34653, this 7,545 SF former Assisted Living Facility (ALF) offers 24 licensed beds, with potential to expand to 48. Strategically situated in Pasco County—an area with documented underserved demand for senior care per the latest NIC MAP® Viability Report—this property offers a rare opportunity to acquire a value-add asset at a fraction of its potential.

Recently repossessed by the lender, the property is now available with up to 100% seller financing, including construction loan options for qualified operators.

Highlights:

• Built-In Expansion: Conditional use already approved for an additional 8,000 SF, 24- bed building—streamlining your development timeline.

• High Occupancy Market: Area ALF occupancy at 85.7%, per NIC MAP Q1 2025 data.

• Infrastructure Ready: Utilities in place, plus a modern structure designed for healthcare use.

• Strategic Location: Within 1.5 miles of major hospitals and over 15 senior care communities.

• Accessibility: Direct access via Langston Avenue; close proximity to U.S. Hwy 19 and SR-54.

• Attractive Seller Financing: being offered at $1.399M with customizable seller financing options available. Purchase only / Purchase + Construction / JV partnership