Former Green Mountain Nursing & Rehabilitation Center
Senior Living | 30,324 SqFt
Marketing description
Donahue & Associates is pleased to present the opportunity to acquire the former Green Mountain Nursing & Rehabilitation Center located at 475 Ethan Allen Avenue in Colchester, Vermont. Situated on approximately 4.3 acres, the property consists of approximately 30,324 square feet and historically operated as a 73-bed skilled nursing facility. The property benefits from extensive healthcare infrastructure, municipal utilities, elevator service, fire suppression systems, emergency power generation, commercial kitchen facilities, and substantial on-site parking.
Purpose-built institutional care facility designed for high-occupancy residential use. The building offers a dense unit count with integrated medical and operational infrastructure, making it highly adaptable to a range of congregate living, treatment facility models.
475 Ethan Allen Avenue presents a rare opportunity to acquire a well-located institutional asset with extensive infrastructure and flexible redevelopment potential in Vermont's premier commercial market.
Investment highlights
- 73 licensed beds, 30,324± SF building, 4.3± acre site, elevator service, sprinkler system, emergency generator, commercial kitchen, therapy areas, municipal utilities, and strong Burlington-area location.
- The existing improvements provide a substantial discount to replacement cost when compared to constructing a new institutional or healthcare facility in today's market.
- The building's layout and infrastructure support numerous potential redevelopment strategies.
- Potential uses include Assisted Living, Memory Care, Behavioral Health, Residential Treatment Center, Workforce Housing, Educational Campus, Institutional Uses, and Boutique Hospitality.
- Chittenden County benefits from strong healthcare demand, housing shortages, population aging trends, and growing need for behavioral health services.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
