Land for Sale in Leicester - Approved for 88 Senior Living Homes

Investment Overview

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 $1.75 Million. Please reach out to the listing agents for more information or to schedule a site visit.

Investment Highlights

• 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