94 Hospital St

Rare opportunity to acquire a ±75,000 SF institutional-grade facility at a significantly reduced price, offering exceptional potential for adaptive reuse and commercial redevelopment. Formerly a full-service hospital, the property features high-quality construction and infrastructure that is increasingly difficult and costly to replicate. Deed restrictions prohibit future medical-related use, positioning this asset for a wide range of alternative uses including senior living, self-storage conversion, and commercial or mixed-use redevelopment. The building is constructed of durable brick and includes former patient rooms, large common areas, three elevators, three loading docks, sprinkler and alarm systems, ADA-compliant access, updated plumbing and electrical systems, and parking for 100+ vehicles. A separate former daycare wing provides additional flexibility for phased redevelopment or multi-tenant use. The existing layout is particularly well-suited for conversion into senior living, independent living, or assisted-style residential housing (non-medical). With private rooms, corridor-based design, and shared common spaces already in place, the property offers a strong foundation for residential-style reconfiguration. Additionally, the asset presents a compelling opportunity for self-storage development, including climate-controlled units. The building’s size, structural integrity, and multiple access points support efficient unit layout and phased lease-up strategies in a growing asset class. For investors seeking broader commercial opportunities, the property can accommodate uses such as office space, educational facilities, wellness or fitness centers (non-medical), community centers, or mixed-use redevelopment. Its scale and infrastructure make it ideal for creative repositioning. Located in Ridgway, PA, the property serves as a central hub for surrounding rural communities, offering strong potential to meet regional demand for housing, storage, and commercial services. The property may qualify for various federal, state, and local redevelopment incentives, including opportunity zone benefits, historic tax credits (if applicable), and community development programs (buyer to verify). This is not a shell structure—this is a substantial institutional asset with existing infrastructure, offered well below replacement cost. Property will be delivered vacant at closing. Full due diligence materials, floor plans, and tours available upon request.