Senior Housing Development
For Sale
$1,750,000
46 Chapel Street, Leicester, MA 01611
Permitted site for 88 senior housing units near major Worcester-area routes.
Property SizeContact for details
Lot Size29.70 Acres
Days on Market120
Property Features for 46 Chapel Street
General Information
Standard status
Active
Lot size
29.70 Acres
Property subtype
Land
Zoning
B
Additional Details
Highway Access
Yes
Multifamily Units
88
Listing Agency:
Parsons Commercial Group, Inc.
Listed By:
John R Parsons, Jr.
(508) 820-2700
Source:
Laerrealty
Added: Jul 5
Changed: Oct 25
Last Checked: Oct 30 at 11:28AM
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 Parsons Commercial Group, Inc.
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Investment Insights
Based on property information with market context.
The Chapel Hill Senior Housing Development is a permitted senior housing land site offering an approved plan for 88 senior housing units. The property spans 29.7 acres and is positioned for development as a purpose-built senior housing community.
The site is located in Leicester, Massachusetts, only minutes away from Worcester. It is also described as under 5 miles from the intersection of Route 146 and Route 290, supporting convenient regional connectivity.
For developers and investors looking for an entitlement-ready foundation, this assemblage provides a clear starting point with a permitted senior housing layout already in place. Its scale is suited to planned unit development of the approved unit count, with the owner able to move forward from the existing approvals as project timelines and financing are established.
The site is located in Leicester, Massachusetts, only minutes away from Worcester. It is also described as under 5 miles from the intersection of Route 146 and Route 290, supporting convenient regional connectivity.
For developers and investors looking for an entitlement-ready foundation, this assemblage provides a clear starting point with a permitted senior housing layout already in place. Its scale is suited to planned unit development of the approved unit count, with the owner able to move forward from the existing approvals as project timelines and financing are established.
Key Highlights
- 29.7‑acre site permitted for 88 senior housing units
- Located in Leicester, MA
- Minutes from Worcester
Property Analytics
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Lease Details
88
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
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Business Placement
Demographics for 01611, MA
2,277
Population
845
Households
2.7
Avg Household Size
41
Median Age
28%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
670
Density / Sq Mi
$118,389
Median Household Income
$46,424
Median Earnings
$1,040
Median Rent
$306,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Permitted site for 88 senior housing units near major Worcester-area routes.
Where is this residential land & home lot located?
The property is located at 46 Chapel Street Leicester, MA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 29.7‑acre site permitted for 88 senior housing units; Located in Leicester, MA; Minutes from Worcester
