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Hospital property for sale in online auction

By Debbie Hall

submissions by submissions
September 4, 2024
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The former Pioneer Community Hospital of Patrick County, a 63,000-square-foot facility, is up for sale in an online auction with a starting bid of $599,000 and a suggested value of $3.6 million, according to fre.com.

A sign recently added to the former hospital property indicates it is for sale in an online auction. (Photo by Pat Delaney)
A sign recently added to the former hospital property indicates it is for sale in an online auction. (Photo by Pat Delaney)

Located at 18688 Jeb Stuart Highway, the property includes a 10.08-acre tract with excellent highway frontage. The two-story brick and block building, once a 50-bed regional hospital, features an emergency room, exam and trauma rooms, radiology, clinic/medical offices, and operating rooms. It also has a large parking lot with 75 spots and ambulance access. The facility, vacant since 2017, is equipped with a fire sprinkler system. Property taxes are $32,776.91.

The hospital closed after Pioneer filed for bankruptcy in 2016. Virginia Community Capital (VCC) purchased the property for $5.7 million at a 2019 auction. Foresight Hospital and Health Systems acquired it in 2022, planning to open an emergency department and establish about five critical access beds, along with support services like radiology, imaging, laboratory, and pharmacy. Other services were to be phased in as needed.

Last year, Foresight offered to donate the property to the county in exchange for $815,000, about half of the costs the company had incurred. The county declined the offer. In March 2024, Wolf of Wabash, LLC, an Illinois limited liability company, bought the property for $1.6 million from Foresight HS Property Holdings – Blue Ridge, LLC. The assessed value at the time was $4,534,300.

Bids for the online auction are due by 5 p.m. on October 3. A bid constitutes an irrevocable offer to purchase the property, according to the auction company’s terms and conditions.

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