15820 Archer StHudson, FL 34667

Property Details for 15820 Archer St

Year built

1971

Lot size

1.02 AC

Property size (Sq ft)

2,218 SF

Zone code

00C2

Property type

Investment properties

Property subtype

Live-work space

APN

24-24-16-0020-00000-0240

APU

2424160020000000240

Description

This exceptional 1.5-acre parcel, located at 15820 Archer St, Hudson, FL 34667, presents a rare investment opportunity in the burgeoning senior living market. Priced at $175,000, this property boasts 2,218 square feet and is zoned 74 (Homes For The Aged), perfectly suited for the development of a senior living community. The property's strategic location in Pasco County offers proximity to a veteran administration office, making it particularly attractive to retired veterans. This presents a unique chance to cater to a specific and growing demographic. The existing building, constructed in 1971, offers a blank canvas for creative architectural design and development, allowing for a modern and tailored senior living facility. The surrounding area provides access to essential amenities, parks, recreational areas, and cultural hotspots, ensuring a vibrant and engaging lifestyle for residents. This is a non-contingent sale with an earnest money deposit requirement of the greater of $20,000 or 10% of the purchase price. A marketing fee of 5% of the winning bid amount (minimum $20,000) and a $10,000 participation deposit are also required. Bidding opens April 15th. This prime location and favorable zoning create a compelling investment opportunity to meet the increasing demand for senior living facilities in this rapidly growing area. The APN is 24-24-16-0020-00000-0240.

• CAP approach

  CAP return

  Valuation

  6%

  $460,003

  6.5%

  $424,618

  7%

  $394,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $244,601

  Geo Method

  $244,601

• Alternative Use

  Use

  Valuation

  Residential

  $526,526

  Hospitality

  $482,295

  Educational

  $401,264

  Medical

  $415,064

  Retail

  $624,188

Location Insight

City

Hudson

County

Pasco

State

Florida

Latitude

28.3874

Longitude

-82.6542

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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