515 Hospital Rd Ajo, AZ 85321
This exceptional redevelopment opportunity presents a 28,779 square foot, two-story former hospital building situated on a generous 4.02-acre lot in Ajo, Arizona. Built in 1930, this 99-key property offers significant potential for adaptive reuse. The existing floor plan lends itself to conversion into a hotel, behavioral health facility, senior living community, multi-family apartments, or self-storage units. Priced at $200,000 ($6.95/sq ft), this represents a significant value proposition well below any comparable replacement cost. The property is strategically located on busy Route 85, offering convenient access between Phoenix (112 miles) and Rocky Point. The seller is motivated, and all offers will be considered. This unique property presents a rare chance to capitalize on a prime location and substantial building size in a growing area. The property's history and substantial size offer a unique opportunity for a creative developer. The ample land provides flexibility for future expansion or development. This is an exceptional opportunity for investors seeking a high-return project with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.