Indianola Ave

40 E Indianola Ave Phoenix, AZ 85012 USA

Built In:

1987

Price:

$14,000,000

Status:

Under Contract

Square Feet:

73000

Property Facts

VACANT IN-PATIENT FACILITY WITH MAXIMUM ZONING AND USE FLEXIBILITY This rare in-patient facility was formerly used as a long-term acute care (LTAC) hospital and has since gone through an extensive re-zoning process to add maximum zoning and use flexibility. The property’s highly coveted zoning includes the following uses, which are uses allowed by right with no special use permit required: • In-patient acute care hospital • Psychiatric and behavioral health hospital • Neuropsychiatry and neuro behavioral health • In-patient and out-patient drug/alcohol rehab and drug/alcohol detox • Nursing home / senior housing • Hospice care • Residential community center • Group home • Dependent care facility for 13 or more dependents • Step down facility • Laboratory • Pharmacy • All other uses approved under R-5 zoning district (City of Phoenix) The property includes an extensive amount of furniture, fixtures and equipment included with the sale, allowing the new occupancy to begin operating soon after acquiring the asset.