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101 Broad St - The ASHLAND BUILDING located at 101 Broad St 191,858 SF Health Care Building Offered at $17,264,999 CAD in Ashland, PA 17921
Executive Summary
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
PROPERTY IMPROVEMENTS
? Asbestos & any other hazardous materials have been removed ?
Ceiling demolition work is complete allowing new ownership to
install sprinkler systems throughout the building.
? 2 new boilers were installed in the new boiler room garage in
2015. Total cost was $1,248,292.
? Roof was repaired with sections of new roof installed.
? Mold was cleaned out and neutralized.
? All bio hazards were removed from building.
? HVAC Equipment, Electrical Wiring, Electrical Panels, Plumbing
and building piping (circa 2010-2015) valued at $2,200,000. ? Heavy
Power – Over 25,000 AMP systems
? Sections/Wings of 3rd & 4th floor have been updated and fin-
ished to 2010-2015 standards – Estimated value of $1,100,000 or
$550,000 per Section/ Wing
? Easy Access to I-81 and Major Highways
? 60 Miles (1 hr) from Harrisburg International Airp
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
PROPERTY IMPROVEMENTS
? Asbestos & any other hazardous materials have been removed ?
Ceiling demolition work is complete allowing new ownership to
install sprinkler systems throughout the building.
? 2 new boilers were installed in the new boiler room garage in
2015. Total cost was $1,248,292.
? Roof was repaired with sections of new roof installed.
? Mold was cleaned out and neutralized.
? All bio hazards were removed from building.
? HVAC Equipment, Electrical Wiring, Electrical Panels, Plumbing
and building piping (circa 2010-2015) valued at $2,200,000. ? Heavy
Power – Over 25,000 AMP systems
? Sections/Wings of 3rd & 4th floor have been updated and fin-
ished to 2010-2015 standards – Estimated value of $1,100,000 or
$550,000 per Section/ Wing
? Easy Access to I-81 and Major Highways
? 60 Miles (1 hr) from Harrisburg International Airp
Property Facts
| Price | $17,264,999 CAD | Lot Size | 20.70 AC |
| Price Per Bed | $86,325 CAD | Building Size | 191,858 SF |
| Sale Type | Owner User | No. Beds | 200 |
| Property Type | Health Care | No. Stories | 6 |
| Property Subtype | Hospital | Year Built | 1979 |
| Building Class | C | Parking Ratio | 1.46/1,000 SF |
| Price | $17,264,999 CAD |
| Price Per Bed | $86,325 CAD |
| Sale Type | Owner User |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | C |
| Lot Size | 20.70 AC |
| Building Size | 191,858 SF |
| No. Beds | 200 |
| No. Stories | 6 |
| Year Built | 1979 |
| Parking Ratio | 1.46/1,000 SF |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 04-05-0032.001 | Improvements Assessment | $692,112 CAD |
| Land Assessment | $338,311 CAD | Total Assessment | $1,030,423 CAD |
Property Taxes
Parcel Number
04-05-0032.001
Land Assessment
$338,311 CAD
Improvements Assessment
$692,112 CAD
Total Assessment
$1,030,423 CAD
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101 Broad St - The ASHLAND BUILDING located at 101 Broad St
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