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241 S Chamberlain Ave 86,124 SF Health Care Building Offered at $950,000 in Rockwood, TN 37854
Investment Highlights
- Well-suited for conversion into senior living, medical/rehab center, educational facility, residential care, corporate retreat, or other institutional
- Central Rockwood location with strong adaptive re-use potential
- Large-scale common areas + service/support spaces ideal for repurposing (buyer to verify)
Executive Summary
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.
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.
Property Facts
| Price | $950,000 | Lot Size | 3.70 AC |
| Price Per Bed | $11,585 | Building Size | 86,124 SF |
| Sale Type | Investment or Owner User | No. Beds | 82 |
| Property Type | Health Care | No. Stories | 2 |
| Property Subtype | Assisted Living | Year Built | 1950 |
| Building Class | B | Tenancy | Single |
| Zoning | Professional Services - Zoned Professional Service. Was used as a Medical Facility. | ||
| Price | $950,000 |
| Price Per Bed | $11,585 |
| Sale Type | Investment or Owner User |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | B |
| Lot Size | 3.70 AC |
| Building Size | 86,124 SF |
| No. Beds | 82 |
| No. Stories | 2 |
| Year Built | 1950 |
| Tenancy | Single |
| Zoning | Professional Services - Zoned Professional Service. Was used as a Medical Facility. |
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241 S Chamberlain Ave
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