Kennett Regional Medical Center
A Shovel-Ready Healthcare Reactivation Catalyst
Marketing description
For registration requirements and regulations, please review here or contact Alex Orth | 949-500-9409 | [email protected].
Kennett Regional Medical Center at 1301 1st Street, Kennett, MO 63857 presents a rare opportunity to acquire a shovel-ready healthcare redevelopment campus in the heart of Southeast Missouri. Situated on 6.28 acres, this purpose-built vacant hospital campus offers approximately 300 parking spaces, multiple patient and emergency access points, and an existing active helipad/air ambulance platform. There is also a separate 3,000 sq ft building which could serve as a project / management / maintenance office. The property serves a documented regional healthcare gap impacting 60,000+ residents within a 50-mile radius, creating a compelling foundation for hospital reactivation, specialty care, behavioral health, senior care, or adaptive reuse. The campus is positioned at a fraction of replacement cost, with existing central plant infrastructure and estimated annual carrying costs of approximately $67,000, offering investors an efficient basis for redevelopment. Page 8 highlights a broad buyer universe, from healthcare operators and rural hospital systems to nonprofits, institutional users, and public-private partnerships. With strong grant eligibility and financing pathways noted on page 9, this asset stands out as a high-impact, mission-driven investment with meaningful upside and long-term community value!
- Non-Contingent
- Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
1301 1st St, Kennett, MO 63857
Investment highlights
MO Auctioneer: Auction Company License: Crexi, MO 202610196
- 6.28 Acres & ~300 Spaces
- Fraction of Replacement
- 60,000+ Underserved
- Highly Grant-Eligible
- Purpose-built hospital infrastructure featuring robust central plant components and an active, fully installed helipad for air ambulance transport.
- Ultra-low entry point compared to greenfield hospital construction, paired with a documented, minimal annual holding cost of ~$67K/year.
- A documented healthcare access gap within a 50-mile radius, ensuring deep community utilization and overwhelming regulatory/public health support.
- Ideally positioned to attract federal/state grants (USDA, HUD, HRSA) and mission-driven capital, significantly de-risking the acquisition capital stack.
- There is a separate 3,000 sq ft building for project / management / maintenance office.
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