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Off Market
1/12

18688 Jeb Stuart Hwy
Stuart, VA 24171


HIGHLIGHTS

  • Ten-plus acre site with 63,074 +/- square foot building develeoped as hospital.
  • There is demand for acute care hospital services in the region
  • The property is priced below tax assessment.
  • There is an opportunity for adaptive re-use potential.

OVERVIEW

PRICE REDUCTION! This is a former hospital located in a rural locality in Southwestern Virginia. The property is a a two-story, 63,074 brick and block building featuring 44 patient rooms (50 beds), an emergency room with exam and trauma rooms, radiology, clinic/medical offices, and operating rooms. The building is fully sprinklered. There are paved parking for 75 vehicles and ambulance access. There is strong demand for hospital and medical facilities in the are and no competing hospital in the county. Most residents travel 35 to 50 minutes for acute or emergency medical care. The hospital closed in September 2017. There is some deferred maintenance. The property is priced below the tax assessed value of $6,356,600.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

ADD'L SUBTYPES

Continuing Care Retirement Com, Rehabilitation Center, Skilled Nursing Facility

TOTAL BUILDING SIZE

63074

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

10.08 AC AC

LAND SF

439,085 SF

ZONING

-

APN/PARCEL ID

48110053