This 111-room institutional property offers a rare adaptive reuse opportunity priced well below land and replacement value. Existing improvements include a commercial-grade kitchen, extensive plumbing and electrical systems, and multiple wings, providing a strong foundation for redevelopment. While renovation is needed, the scale, layout, and zoning potential support numerous high-demand conversion strategies such as multi-family or efficiency housing, workforce or transitional housing, senior living, behavioral health or treatment facility, assisted living reactivation, education or dormitory use, training center, religious retreat, community campus, storage, mixed-use, or institutional offices. The underlying land and structure alone are estimated to be worth well above the list price, creating built-in equity at current pricing. Ideal for investors seeking value-add upside, potential tax advantages, and long-term cash flow. Flexible parking enhances redevelopment potential here now.
