515 Hospital Rd Ajo, AZ 85321
- Hospitality properties
- 28,779 SF
- 4.02 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 515 Hospital Rd
- Year built
- 1930
- Lot size
- 4.02 lot acres
- Property size
- 28,779 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ajo
- County
- Pima
- State
- Arizona
- Longitude
- -112.864
- Latitude
- 32.3684
