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Property profile & analytics
OFF-MARKET
Hospitality properties

515 Hospital Rd Ajo, AZ 85321

28,779 SF 4.02 ac lot Built 1930
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hospitality properties
Year built 1930
Total area 28,779 SF
Lot 4.02 ac (175,111 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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