4888 Stone AveTucson, AZ 85704

Property Details for 4888 Stone Ave

Year built

2006

Lot size

9.27 AC

Property size (Sq ft)

94,569 SF

Property type

Healthcare properties

Property subtype

Other retail properties

Description

This 94,569-square-foot medical office building in Tucson, Arizona, is situated on a 9.27-acre lot and presents a unique investment opportunity. Built in 2006, the property, located at 4888 N Stone Ave, zip code 85704, was recently sold for $8,050,000. Currently vacant, it offers significant potential for redevelopment. The building is slated for complete interior demolition and a comprehensive renovation, transforming it into a state-of-the-art health center. This redevelopment will include a new roof, updated HVAC and fire sprinkler systems, energy-efficient design, and modern water-efficient landscaping. The outdated central utility plant will be entirely replaced. Construction is scheduled to commence soon, with projected completion in early 2026. The property's size and location in Pima County make it an ideal site for a large-scale medical facility, catering to the needs of a growing community. The extensive renovations will create a modern, functional, and patient-centric environment, enhancing care delivery and operational efficiency. This is a chance to acquire a prime medical office building poised for significant value appreciation after the completion of the planned renovations. The property's history as a former hospital provides a solid foundation for its future as a leading healthcare facility.

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2945

Longitude

-110.97

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