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

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.