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18688 Jeb Stuart Hwy
Stuart, VA 24171
Health Care Property For Sale · 50 Beds

INVESTMENT HIGHLIGHTS

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

PROPERTY FACTS

Property Type Health Care
Property Subtype
Hospital
  • Healthcare Continuing Care Retirement Community
  • Healthcare Rehabilitation Center
  • Healthcare Skilled Nursing Facility
Building Class C
Lot Size 10.08 AC
Building Size 63,074 SF
No. Beds 50
No. Stories 2
Year Built 1962
Parking Ratio 1.19/1,000 SF
Zoning GB - General Business - General Business

AMENITIES

  • Wheelchair Accessible

ABOUT 18688 JEB STUART HWY , STUART, VA 24171

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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
48110053
Land Assessment
$300,800
Improvements Assessment
$4,233,600
Total Assessment
$4,534,400
  • Listing ID: 15056107

  • Date on Market: 2/2/2019

  • Last Updated:

  • Address: 18688 Jeb Stuart Hwy, Stuart, VA 24171

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