For Sale
$200,000

515 Hospital RdAjo, AZ 85321

Historic Hotel, 28,779 SF, 4 Acres

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Exceptional redevelopment opportunity: 28,779 SF, two-story former hospital on a 4.02-acre lot in Ajo, AZ.
  • Priced at $200,000 ($6.95/SF), significantly below replacement cost.
  • 4-acre land parcel offers expansion potential.
  • High-traffic Route 85 location, conveniently situated between Phoenix and Rocky Point.
  • Motivated seller; all offers considered.

Property Details for 515 Hospital Rd

Property type
Hospitality properties, Hotels
Square Feet
28,779 SF
Year Built
1930
Stories
2
Lot Size (sq. ft)
175,111 SF

Location Insight

City
Ajo
County
Pima
State
Arizona
Latitude
32.3684089
Longitude
-112.8642809
515 Hospital Rd, Ajo, Arizona

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515 Hospital Rd
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