46 Chapel Street

Property feature image
Property gallery image
Property gallery image
Property gallery image
Address: 46 Chapel St, Cherry Valley, MA 01611, USA
Boston & New England + Land/Development
Created date: January 13, 2026
Date last updated: September 8, 2026
Price: $1,490,000Investment Analyzer NEW!
  • Fully Entitled Senior Housing Development - Approved for 88 units across ±29.7 acres within the Business Zoning District
  • All zoning and Conservation Commission approvals in hand
  • Environmental and geotechnical diligence completed, enabling accelerated development timeline
  • Limited supply of entitled senior housing sites in the Central MA market
  • Approved density below zoning maximum, providing flexibility and downside protection
  • Municipal utilities available and incorporated into the approved plans
  • Prominently located along Route 9, with immediate access to I-290, I-90, and Route 146

Property Description

Chapel Hill Senior Village Development presents a rare opportunity to acquire a fully entitled, shovel-ready senior housing development site in the Greater Worcester market. Approved for 88 units across ±29.7 acres, the property offers investors a streamlined path to construction with key predevelopment risks substantially mitigated. All zoning and Conservation Commission approvals have been secured, and environmental and geotechnical due diligence has been completed. Municipal infrastructure is incorporated into the approved plans, positioning the project for an accelerated development timeline. The Central Massachusetts market continues to demonstrate favorable demographic trends, including a growing senior population, stable household incomes, and limited supply of comparable entitled senior housing sites. With density approved below zoning maximums and significant upfront diligence completed, Chapel Hill Senior Village offers both execution certainty and long-term value creation potential. This opportunity is well-suited for developers, operators, and capital partners seeking a de-risked entry into a supply constrained senior housing market with strong regional access and established demand drivers. The site is currently being offered for $1.49 Million. Please reach out to the listing agents for more information or to schedule a site visit.
Availabletick-green

Request Information

Broker Details

Matt McDonald
Matt McDonald

NAI Parsons Commercial Group - Boston 508-271-9211

New call-to-action

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Land/Development
Lot Size: 29.70 Acres
Opportunity Zone: No
Property Website Click Here
Address: 46 Chapel Street, Leicester, MA 01611, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

109 Wells St

109 Wells St

Westerly, Rhode Island
Boston & New England + Land/Development
Units: 1
Price: $1,500,000
769 Daniel Webster Hwy

769 Daniel Webster Hwy

Merrimack, New Hampshire
Boston & New England + Land/Development
Units: 1
Price: $7,200,000
75 Somerset St, 59 Somerset St, 25 Somerset St, 0 Elm St

75 Somerset St, 59 Somerset St, 25 Somerset St, 0 Elm St

Portland, Maine
Boston & New England + Land/Development

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up