101 Broad St - Hospitals FOR SALE


Ashland, PA 17921
$10,000,000 USD
646-901-3040
101 Broad St, Ashland, PA for Sale
$10,000,000 USD
Hospitals - FOR SALE
1/74
null | Request Cap Rate

101 Broad St
Ashland, PA 17921


OVERVIEW

The ASHLAND BUILDING located at 101 Broad St Ashland Pa 17621 is an incredible re-development opportunity. This former medical facility lends itself to many applications from residential apartments to a multitude of senior/medical projects. It would also be an ideal resort or rehabilitation site with its sprawling grounds (20+/-ACRES) there are multiple additional buildings on site including a stone structure that could not be reproduced today at any price. The 20 +/- additional acreage could also be developed in a multitude of other directions. The property is a 6 story 191,858 SF brick 3-winged structure with a typical hospital layout with a central kitchen and glass ceiling cafeteria. This former acute care general hospital includes three additional build- ings, 285 parking spaces and a Heli-Pad. It’s been recently updated including a new natural gas/heating oil dual boiler system, new roofing, and electrical systems. The building is located along RT 61 in Schuylkill County, minutes from I-81, RT 54, RT 901 & RT 924, approximately 60 miles northeast of Harrisburg, 100 miles northwest of Philadelphia and with approximately 150,000 people living within a 15-mile radius. The Subject Property is an ideal opportunity for any value-add investor. Given the large amount of capital expenditures infused over the past several years, the property is perfectly situated for an adaptive reuse play. The property also includes over 20 acres of land for other future development

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$52 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

REDEVELOPMENT OPPORTUNITY 200K +/- SQFT 20 AC

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

ADD'L SUBTYPES

Assisted Living, Continuing Care Retirement Com, Rehabilitation Center

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

C

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

281

LAND DETAILS

LAND ACRES

20.7 AC

LAND SF

901,692 SF

ZONING

-

APN/PARCEL ID

04-05-0032.001

ASK ABOUT THIS PROPERTY

Lou FisherDouglas Elliman CommercialMore Info
646-901-3040

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Lou FisherDouglas Elliman CommercialMore Info
646-901-3040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.