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Vacant Seniors Housing/Behavioral Healthcare 3428 Gulf Breeze Pky 46,743 SF Healthcare Building Online Auction Sale Gulf Breeze, FL 32563


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Investment Highlights
- Existing 51-unit senior housing/behavioral healthcare asset offering a variety of layouts with ability to reconfigure group area rooms for ±90 beds.
- Optionality to reposition into senior housing, behavioral health, or skilled nursing supports multiple exit strategies and operational pathways.
- Within an affluent Pensacola submarket, supporting higher-acuity or private-pay models driven by strong household income and home value metrics.
- By-right zoning for inpatient behavioral healthcare or seniors housing reduces development risk, accelerating timelines from planning to delivery.
- Attractive basis relative to replacement cost creates a value gap that can be captured through capital improvements, lease-up, or repositioning.
- Nearby Gulf Breeze Hospital and surrounding population growth creates a durable demand driver for occupancy stabilization and long-term performance.
Executive Summary
Blueprint is pleased to present the offering of a 51-unit, vacant senior housing/behavioral healthcare community located at 3428 Gulf Breeze Parkway in Gulf Breeze, Florida, a submarket of Pensacola.
Built in 1985, this two-story, 46,743-square-foot building features 51 units with a variety of layouts and configurations, including space for special-use rooms and open areas. The second floor includes a former owner’s apartment that can be adapted for administrative offices, staff housing, or other operational needs.
Favorable by-right zoning creates a compelling opportunity to develop inpatient behavioral healthcare or seniors housing in a market supported by growing demand for specialized care and housing services, allowing investors and developers to pursue high-demand uses with greater certainty and efficiency.
Located approximately 20 minutes southeast of Downtown Pensacola via US Highway 98 E, 3428 Gulf Breeze Parkway benefits from strong connectivity within the growing Florida Panhandle region and direct access off Gulf Breeze Parkway. The surrounding area features a mix of established residential and retail developments, including Publix, Lowe’s, Bealls, and CVS. Proximity to recreational amenities such as Tiger Point Park and Naval Live Oaks Nature Preserve further enhances the location.
Local market fundamentals are supported by strong demand drivers, including high surrounding property values averaging approximately $465,000 and average household incomes near $130,000 within a 7-mile radius. Continued growth in the senior population, coupled with a limited number of competing facilities, reinforces long-term demand. Gulf Breeze Hospital, located roughly 5 miles away, discharges approximately 3,100 patients annually, providing an additional referral source.
3428 Gulf Breeze Parkway offers an attractive opportunity for a wide range of investor profiles seeking residential healthcare real estate in the Pensacola submarket at well below replacement cost. Interested parties should contact Blueprint’s advisory team to discuss potential strategic opportunities.
Property tours are by appointment only. Please contact the listing broker to schedule.
Built in 1985, this two-story, 46,743-square-foot building features 51 units with a variety of layouts and configurations, including space for special-use rooms and open areas. The second floor includes a former owner’s apartment that can be adapted for administrative offices, staff housing, or other operational needs.
Favorable by-right zoning creates a compelling opportunity to develop inpatient behavioral healthcare or seniors housing in a market supported by growing demand for specialized care and housing services, allowing investors and developers to pursue high-demand uses with greater certainty and efficiency.
Located approximately 20 minutes southeast of Downtown Pensacola via US Highway 98 E, 3428 Gulf Breeze Parkway benefits from strong connectivity within the growing Florida Panhandle region and direct access off Gulf Breeze Parkway. The surrounding area features a mix of established residential and retail developments, including Publix, Lowe’s, Bealls, and CVS. Proximity to recreational amenities such as Tiger Point Park and Naval Live Oaks Nature Preserve further enhances the location.
Local market fundamentals are supported by strong demand drivers, including high surrounding property values averaging approximately $465,000 and average household incomes near $130,000 within a 7-mile radius. Continued growth in the senior population, coupled with a limited number of competing facilities, reinforces long-term demand. Gulf Breeze Hospital, located roughly 5 miles away, discharges approximately 3,100 patients annually, providing an additional referral source.
3428 Gulf Breeze Parkway offers an attractive opportunity for a wide range of investor profiles seeking residential healthcare real estate in the Pensacola submarket at well below replacement cost. Interested parties should contact Blueprint’s advisory team to discuss potential strategic opportunities.
Property tours are by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Matterport 3D Tours
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Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Survey
- Floor Plan
- Title and Insurance
Property Facts
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Sale Advisors
Andrew Sfreddo, Head of Behavioral Healthcare
Andrew Sfreddo joined Blueprint in 2022 as Head of Blueprint’s Behavioral Healthcare group. In his role, he is responsible for leading the Behavioral Healthcare group and spearheading Blueprint’s strategy, operations, and execution within the sector to best serve clients, operators, and providers. Sfreddo brings over 15 years of healthcare investment expertise to his post, including experience in representing healthcare REITs, middle market private equity and national brokerage firms
Gunnar Raney, Senior Associate, Behavioral Healthcare
Gunnar Raney joined Blueprint in 2022. As a Senior Associate on the firm's Behavioral Healthcare team, he advises clients on investment sales, M&A advisory, sale-leaseback transactions, and strategic real estate solutions across the behavioral healthcare sector, with a particular focus on inpatient and residential facilities.
Gunnar works with behavioral healthcare owner/operators, publicly traded and private REITs, developers, private equity firms, family offices, and high net-worth investors, advising on acquisitions, dispositions, portfolio strategy, and capital deployment. He has developed an extensive transaction track record nationwide, with a particular focus on the Southeast.
Prior to joining Blueprint, Gunnar was an Associate with Colliers' Healthcare Services Group, where he focused on originating behavioral healthcare and seniors housing investment opportunities.
Gunnar works with behavioral healthcare owner/operators, publicly traded and private REITs, developers, private equity firms, family offices, and high net-worth investors, advising on acquisitions, dispositions, portfolio strategy, and capital deployment. He has developed an extensive transaction track record nationwide, with a particular focus on the Southeast.
Prior to joining Blueprint, Gunnar was an Associate with Colliers' Healthcare Services Group, where he focused on originating behavioral healthcare and seniors housing investment opportunities.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Commercial, LLC Vibhav Kapila RE Brkr CQ1063389
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Matterport 3D Exterior
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Photos
Street View
Street
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Vacant Seniors Housing/Behavioral Healthcare | 3428 Gulf Breeze Pky
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