13031 PARTRIDGE STREET, SPRING HILL, FL 34608
SPRING HILL · Hernando County
Key Facts
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 Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
2021
Stories
1
Living Area
3,446 sq ft
Lot Size
0.46 acres
Lot Dimensions
80x125
Ownership
Fee Simple
Days on Market
48
MLS® Listing#
TB8505564
Property Features
Cooling
Construction
Foundation
Roof
Financial Details
HOA
Yes
N/A
Annual Taxes
$8,434
Tax year 2025
Parcel Number
R32-323-17-5200-1363-0130
Directions
From the Suncoast Parkway, take County Line Rd west. Turn right onto Linden Dr, then right onto Partridge St. Property will be on your right.
Affordability Calculator
$359,800
Estimated monthly payment
$9,575/mo
Principal $1,439,200 · Est. interest $2,007,812 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in SPRING HILL, FL
- $331,504
- Median Listing Price
- 69
- Median Days on Market
- 1,776
- Median Sq Ft
- $191
- Median Price / Sq Ft
- 1,248
- Active Listings
- This home’s price is 443% above the area median.
- Its price per sq ft is 173% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in SPRING HILL, FL.
Location
Points of Interest in SPRING HILL, FL
Showing the SPRING HILL area map.
Nearby Schools
Spring Hill Elementary School
Elementary · 1.0 mi away
Golden Branch Academy
School · 1.8 mi away
Challenger K-8
Elementary · 2.3 mi away
Great Beginning II
School · 2.6 mi away
Esther's School-Brooksville
School · 2.7 mi away
Wider Horizons School
School · 2.7 mi away
Central High School
Secondary · 2.8 mi away
West Hernando Middle School
Secondary · 2.9 mi away
Powell Middle School
Secondary · 3.0 mi away
Pine Grove Elementary School
Elementary · 3.1 mi away
Life Primary School
Elementary · 3.2 mi away
Gulf Coast Elementary School
Elementary · 3.3 mi away
Pace Center for Girls, Hernando
Secondary · 3.4 mi away
J.D. Floyd Elementary School
Elementary · 3.4 mi away
Fox Chapel Middle School
Secondary · 3.4 mi away
Hernando County Public School System
Elementary · 3.4 mi away
Explorer K-8
Elementary · 3.6 mi away
Frank W. Springstead High School
Secondary · 3.6 mi away
Spring Hill Christian Academy
School · 3.9 mi away
Chocachatti Elementary School
Elementary · 3.9 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in SPRING HILL
Listing Courtesy: COLDWELL BANKER REALTY - 813-286-6563
Last Updated: 2026-05-04