Indianola Ave
40 E Indianola Ave Phoenix, AZ 85012 USA
Built In:
1987
Built In:
1987
Price:
$14,000,000
Price:
$14,000,000
Status:
Under Contract
Status:
Under Contract
Square Feet:
73000
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.