Description
Price drastically reduced in Chapter 11!! Owner spent 3 years rehabilitating, then refinance went away. Can add property & guarantees for strong buyer or hard money lender. See pictorial tour at http://tours.desert360virtualtours.com/public/vtour/display/5556
YOU MUST SEE this historic, recently RENOVATED, mixed use bldg in great small SW town with one of country's best future market potentials!
Just finished.. TURNKEY ready. Planned use was for sober living/rehab for greater Phx/Tucson areas. VERY high Cap pot'l! Add $150 to 200K value by building own business. Make great senior care or niche residential therapy center for diabetes, alzheimers, etc. At this price you could rent rooms and make excellent cash flow!
Main building is 1 & 2-story masonry, 7200 SF, with 14 Bdrms, 9 Ba, kitchen, office, dining, meeting rooms, laundry. Adjacent mgr 2 Bdrm home, 750 SF, block construction. Estate home & addition built 1916-24. Town's first hospital. Later converted to assisted living. Fire & sprinkling added in 2000.
EXTENSIVE RECENT RENOVATION cost more than sales price! Bldg kept in orig character. Bldg completely rewired + Cat 5 all rms; new 16 SEER HVAC.
Substantial, historic building, conveniently and well located near downtown Safford, Arizona. Safford is one of fastest growing communities in Arizona. Solid projected long term growth (college, energy, mines, retirement). Area population approx 35,000. Located in SE Arizona, Safford has attractive scenery and mountains, excellent infrastructure, and very friendly people. 3000 ft elevation and southerly latitude creates great year-around climate (cooler than Phoenix or Tucson, but still with nice winters). Mountains, hot springs, fishing, casinos, and outdoor attractions are bringing retirees and tourists to the area. Long term economy looks very good including very rich copper mines and alternative energy. Many new businesses coming to area. Local Eastern Arizona College is Arizona's oldest community college and is rapidly expanding. Safford is a great place to live and work.
The building presently is configured as an assisted living facility. Could be used for medical offices, resident niche therapies, pain or Alzheimer care, rehab, corporate, or retreat. Also would be ideal estate for multiple, extended families. Call Owner/Agent for more informationE