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Senior Housing Development Site
For Sale
$1,650,000

46 Chapel Street, Leicester, MA 01611

Permitted for 88 senior housing units on a 29.7-acre Leicester site.

Property SizeContact for details
Days on Market293

Property Features for 46 Chapel Street

General Information

Standard status Active
Property subtype Land
Listing Agency: Parsons Commercial Group,Inc.
Listed By: John Parsons,Jr.
Source: Ballowhutchinsonrealestate
Added: Jan 12 Changed: Oct 25 Last Checked: Oct 30 at 7:16PM

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.

Rey
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Investment Insights

Based on property information with market context.

Parsons Commercial Group presents the Chapel Hill Senior Housing Development site in Leicester, Massachusetts. The property is a 29.7-acre parcel permitted for development of 88 senior housing units.

The site is located only minutes away from Worcester and is under 5 miles from the intersection of Route 146 and 290, supporting regional connectivity for a planned senior housing project.

This offering is best suited for buyers seeking a permitted development parcel already approved for an 88-unit senior housing plan.

Key Highlights

  • 29.7‑acre senior housing development site in Leicester, MA
  • Permitted for 88 senior housing units
  • Located minutes from Worcester and under 5 miles to the Route 146 and 290 intersection

Property Analytics

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Open Analytics

Suggested Use

Top Pick Restaurant Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

73
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Permitted for 88 senior housing units on a 29.7-acre Leicester site.
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 $1,650,000.
What are key features of this property?
This property features: 29.7‑acre senior housing development site in Leicester, MA; Permitted for 88 senior housing units; Located minutes from Worcester and under 5 miles to the Route 146 and 290 intersection
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