Presenting a unique investment opportunity in a picturesque waterfront setting on 3.9 acres of land, with 14,730 sq ft of space. The property is zoned Hospital Private, offering many potential behavioral health care uses. Previously leased by McLeans Hospital (1997-2019), the property has a history of serving the community and now presents an investment option for those looking to capitalize on the healthcare sector. Vacant since the summer of 2018; the property is in need of a complete gut rehab to restore it. In 1959 it was a substance abuse hospital; and McLeans occupied it as a 26 bed facility with an overnight component. There is an already established town hall relationship, with the town seeming eager to ensure a seamless transition. With the town assessment of $730,800; this property offers a promising investment opportunity. An experienced Operator is already lined up, making it an attractive option for discerning capital investors.
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Last Updated: May 19th, 2024 at 4:48am
General Information for 216 Lake Rd, Ashburnham, Massachusetts 01430
Property TypeCommercial Sale
Price$995,000
MLS #73237253
List Date2024-05-14
Special Listing Conditions
StateMassachusetts
Street NameLake Rd
Unit
CityAshburnham
Zip Code01430
CountyWorcester
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total14730
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress216 Lake Rd, Ashburnham MA 01430
Zoning
Zoning DescriptionOther (See Remarks)
Business TypeCommercial
Interior Features for 216 Lake Rd, Ashburnham, Massachusetts 01430
* Approx. Living Area Total14,730 sq ft
MLS Area (Major)
OffMarketDate
Exterior Features for 216 Lake Rd, Ashburnham, Massachusetts 01430
* Parking Spaces25
* Year Built1880
Year Built Details
Year Built Source
Construction Materials
Approx. Street Frontage
Utilities
Disclosures for 216 Lake Rd, Ashburnham, Massachusetts 01430
Buyer Agent Compensation2
Contingency
Financing
Disclosures
Documents Available
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MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation1
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 216 Lake Rd, Ashburnham, Massachusetts 01430
Association Fee$0
Association Fee Frequency
Associaton Fee Includes
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease Type
OriginalListPrice$995,000
Lifestyle Information for 216 Lake Rd, Ashburnham, Massachusetts 01430
Association Amenities
Frontage Type
GarageYNNo
Location information for 216 Lake Rd, Ashburnham, Massachusetts 01430
Marketing History for 216 Lake Rd, Ashburnham, Massachusetts 01430
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PurchaseContractDate
Agent Information for 216 Lake Rd, Ashburnham, Massachusetts 01430