241 S Chamberlain Ave - Assisted Livings FOR SALE


Rockwood, TN 37854
$950,000 USD
865-599-3228
241 S Chamberlain Ave, Rockwood, TN for Sale
$950,000 USD
Assisted Livings - FOR SALE
1/18
null | Request Cap Rate

241 S Chamberlain Ave
Rockwood, TN 37854


HIGHLIGHTS

  • Well-suited for conversion into senior living, medical/rehab center, educational facility, residential care, corporate retreat, or other institutional
  • Large-scale common areas + service/support spaces ideal for repurposing (buyer to verify)
  • Central Rockwood location with strong adaptive re-use potential

OVERVIEW

241 S. Chamberlain Ave., Rockwood, TN 37854 (formerly “Victorian Square”) — a rare, large-scale facility offering approximately 87,970 sq ft on an estimated 3.70 acres, centrally located in historic Rockwood. Previously operated as an assisted living community, the property is well-suited for a wide range of adaptive re-use opportunities including senior living, medical/rehab, residential care, transitional housing (subject to approvals), educational/training campus, corporate retreat, or other institutional/commercial concepts. Tennessee facility listings show the site was licensed for 84 beds (commonly marketed around 82+/- beds), supporting the scale and layout of this purpose-built operation. The building features an established footprint with multiple wings/levels, community gathering areas, and support spaces typical of its prior use—such as common/community rooms and a commercial-style kitchen setup (buyer to verify equipment and condition). The site’s history is part of Rockwood’s story: Rockwood’s historical record notes the presence of Chamberlain Memorial Hospital in 1917, and the Victorian Square facility is widely recognized locally as having evolved from that hospital-era legacy.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$11 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Continuing Care Retirement Com, Hospital

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

3.7 AC

LAND SF

161,172 SF

ZONING

Professional Services

APN/PARCEL ID

054K E 001.00

ASK ABOUT THIS PROPERTY

Christina BranhamColdwell Banker Jim HenryMore Info
865-599-3228

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Christina BranhamColdwell Banker Jim HenryMore Info
865-599-3228

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.