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BUYER: Tarpon Springs Hospital Foundation Inc. (officers: Michael Kouskoutis, Bruce Bergherm, Michael Schultz, Roger Sellew, Jack Butcher, Brian Adams, Dr. Paul Arnold, Dr. Thomas Carson, Mark Schiefer and Joe Johnson), Tarpon Springs
SELLER: House by the Sea Investment Inc.
PROPERTY: 34106 U.S. Highway 19 N., Palm Harbor
PRICE: $3.5 million
PREVIOUS PRICE: $3.25 million, December 2005
LAW FIRM ON DEED: GrayRobinson PA, Tampa
PLANS, DESCRIPTION: Florida Hospital North Pinellas purchased an 114-room King's Inn motel on U.S. 19, one road north of Nebraska Avenue for $3.5 million.
The price equated to $933,333 per acre.
The hospital plans to demolish the motel to use the 3.75-acre parcel for an off-site emergency room. The demolition is scheduled to start this month.
The new facility will be a single-story, 18,500-square-foot building. It will have 24 beds and include X-ray, ultrasound, CT-scan, and laboratory services. Orlando-based HuntonBrady Architects designed the full-service ER.
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