Corner Commercial Development
For Sale
$1,500,000
1 Chase Road, Sturbridge, MA 01566
Corner commercial lot at Hall Road and Chase Road with OSRD zoning for a 55+ and assisted living mix.
Property SizeContact for details
Days on Market557
Property Features for 1 Chase Road
General Information
Standard status
Active
Property subtype
Land
Zoning
Comm,& RR
Listing Agency:
Coldwell Banker Realty - Boston
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Feb 9, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Boston
Investment Insights
Based on property information with market context.
On the corner of Hall Road and Chase Road, this 2.4-acre commercial parcel was previously part of an approved 71-unit multiple dwelling development plan. The site includes entitlements already tied to townhome-style homes and open space, along with documented subsurface exploration featuring 17 soil test borings and 51 test pits.
The property is positioned near major regional routes, with access to I-84 and I-90 via an on-ramp approximately 1/2 mile away, and it sits behind a Wendy’s on Route 20. It is described as providing connectivity to Route 49, Route 20, Route 148, TR 131, I-84, and I-90.
Zoning is noted as OSRD for a 55+ community and assisted living, including allowances for nursing home, hospital, 40B, single family attached, and SF rental uses, subject to town approval. All interested parties are advised to conduct their own due diligence regarding feasibility and maximum building potential.
The property is positioned near major regional routes, with access to I-84 and I-90 via an on-ramp approximately 1/2 mile away, and it sits behind a Wendy’s on Route 20. It is described as providing connectivity to Route 49, Route 20, Route 148, TR 131, I-84, and I-90.
Zoning is noted as OSRD for a 55+ community and assisted living, including allowances for nursing home, hospital, 40B, single family attached, and SF rental uses, subject to town approval. All interested parties are advised to conduct their own due diligence regarding feasibility and maximum building potential.
Key Highlights
- 2.4‑acre corner commercial lot at Hall Road and Chase Road.
- Zoned OSRD for a 55+ community with assisted living, nursing home, hospital, and 40B options.
- Also allows single‑family attached and SF rental uses, or combinations, subject to town approval.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Explore this area
Business Placement
Demographics for 01566, MA
6,691
Population
3,041
Households
2.2
Avg Household Size
46
Median Age
46%
College-Educated
95%
High-School Grad
25.0 sq mi
ZIP Area
268
Density / Sq Mi
$135,802
Median Household Income
$77,314
Median Earnings
$1,677
Median Rent
$393,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Corner commercial lot at Hall Road and Chase Road with OSRD zoning for a 55+ and assisted living mix.
Where is this residential land & home lot located?
The property is located at 1 Chase Road Sturbridge, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2.4‑acre corner commercial lot at Hall Road and Chase Road.; Zoned OSRD for a 55+ community with assisted living, nursing home, hospital, and 40B options.; Also allows single‑family attached and SF rental uses, or combinations, subject to town approval.
