Office Property For Sale by Auction

FORECLOSURE REAL ESTATE AUCTION BY ORDER OF SECURED PARTY - Thursday, June 22, 2023 - 11:30am - Approximately 4,818 sf Class A medical office in West Knoxville on Papermill Drive. Built in 2019 by Hickory Construction, the property sits on a 1 acre lot and is the former home to a dental / oral surgery office. All utilities available. Ample parking.

MANSARD has been exclusively retained to market 14 Chestnut Place; a 77,000 +/- SF rehabilitation hospital. The property is being offered in conjunction with 58 Sewall Street; a .37 acre parking lot improved with a 2,400 SF garage. 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 human and health services facility. The property may also be converted to multifamily, senior housing, memory care, assisted living, or a boutique hotel. 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 1960 followed by another addition in 1967. In 1976, the 1947 section was razed and replaced.

This property is being offered for sale via a Ten-X Auction. Live online bidding takes place between June 20-22, 2023. Visit www.ten-x.com to register today.

Auction Type: Undisclosed Reserve

Auction Reserve: $3,000,000