Office•Medical•For Sale

Renovated Health and Human Services Facility For Sale

14 Chestnut Place, Ludlow, Massachusetts 01056

Sale Price Market
Zoning Business A
Class A
Year Built 1984
Year Renovated 2017
Stories 5
Gross Bldg 75,000 SqFt
Land Area .55 Acres
Improvements 14 Chestnut Place; a 75,000 +/- SF rehabilitation hospital located in just 70 miles west of Boston, .88 miles from the MassPike (90), and 7.2 miles from the I-91/90 interchange.
MANSARD has been exclusively retained to market 14 Chestnut Place; a 75,000 +/- SF rehabilitation hospital. 14 Chestnut Place is an attractive opportunity for medical providers seeking to maximize operational value in the central and western Massachusetts markets as well as for re-use as a health and human services facility. The property is located 6.5 miles east of Springfield, which is home to the Baystate Medical Center’s new $296 Million, 641,000 SF clinical facility housing state-of-the-art vascular and heart care center. As an integral part of the central and western Massachusetts medical sector, the property was initially developed by local mill operators for their workers in 1909. In 1947 the original building was replaced by a new hospital, with an addition built in 1967 followed by another addition in 1967. In 1976, the 1947 section was razed and replaced. 14 Chestnut Place is an attractive opportunity for medical providers seeking to maximize operational value in the central and western Massachusetts markets as well as for re-use as a senior health services or acute care facility. The property is located 6.5 miles east of Springfield, which is home to the Baystate Medical Center’s new $296 Million, 641,000 SF clinical facility housing state-of-the-art vascular and heart care center. 75,000 +/- SF hospital and medical office property located in just 70 miles west of Boston, .88 miles from the MassPike (90), and 7.2 miles from the I-91/90 interchange.
  • Over $1M of interior renovations completed in 2016-2017
  • Zoning: Business A
  • Building consists of 3 stories and 5 Floors
  • Parking: 155 surface spaces available
  • Walkability Score: 82 very-walkable
  • Potential Uses: Senior Health Care Services, Acute Care Complex, Substance Abuse Treatment Center, Behavioral Health Services
  • Potential uses: Senior Health Care Services, Acute Care Complex, Substance Abuse Treatment Center, Behavioral Health Services
12/3/2018 8:55:55 PM 12/3/2018 9:00:07 PM
Jeremy Cyrier, CCIM
Strategic Investment Sales Advisor
Mansard

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