2709 HOSPITAL BLVD, GRAND PRAIRIE, TX 75051-1017 For Sale

Grand Prairie General Hospital operated as a highly profitable, privately-owned hospital serving patients in the D/FW area until 2019 when the facility was closed. Conveniently located in the mid cities, it is minutes from D/FW airport an and equidistant from Fort Worth and Dallas. The hospital was built in 1979 and did business in the 1980’s as Dallas/Fort Worth Medical Center. The property was purchased and upgraded by Renaissance Hospital in 2004 . The hospital was purchased recently by a group of investors who made substantial improvements to the interior. The hospital campus, which comprises approximately 21 acres, includes a 41-bed short term acute care hospital with 240,970 SF, as well as a two-story, 29,837 SF medical office building. There is also a separate plant operations building and 5.89 acres of excess land. In addition, floors 2 through 6 of the south patient tower provide another 150 flexible patient rooms in a partially completed condition that includes some framing, med gases, HVAC, sprinklers and electrical in place. These additional rooms could be used to provide behavioral health or rehabilitation hospital capacity, or expand the hospital’s inpatient beds. The second floor of the medical office building containing approximately 14,919 square feet also remains in an unfinished condition and could be built out to specifications.The property is located in a commercial corridor with both residential developments and numerous employers. Some of the area employers include, AT&T Stadium, Globe Life Field,Six Flags Over Texas, Lockheed Martin, General Motors, Bell Helicopter, Lone Star Park, Siemens, Poly-America, Pitney Bowes, and many others. The Veterans Administration owns the adjacent. There are more than 152,000 employees within five miles of the facility and almost 300,000 residents.The owners are interested in entertaining offers to purchase or lease the property including options to subdivide the property for various uses