46 Chapel St 29.7 Acres of Residential Land Offered at $3,404,403 CAD in Cherry Valley, MA 01611

Permitted land in Leicester for 88 senior housing units.
NAI Parsons Commercial Group is pleased to present 46 Chapel Street in Leicester, Massachusetts, a ±29.7-acre shovel-ready development site with approvals in place for an 88-unit senior housing community. The property offers frontage along Chapel Street, near the intersections of West Street and Old Main Street, and is located approximately one mile from the Worcester town line. The site provides convenient regional access to Route 9, I-290, I-90 (Mass Pike), and Route 146, and is within minutes from Downtown Worcester, Worcester Regional Airport, Webster Square Plaza, Auburn Mall, and other major retail and community amenities. 45 minutes to Boston Logan International Airport and T.F. Green International Airport in Providence.
The site benefits from completed environmental and geotechnical due diligence, including soil testing and Eco-Tech review. Conservation Commission approval has been obtained, with minor wetland areas fully addressed in the approved development plans. Municipal water and sewer surround the property and are incorporated into the plans, allowing for extension and connection as part of construction. Zoned Business, with the senior housing use permitted by Special Permit, the property offers a clear development path and an accelerated timeline in a market with limited supply of senior housing development sites.