Former Green Mountain Nursing & Rehabilitation Center
Former Green Mountain Nursing & Rehabilitation Center in Colchester, Vermont, offered at $2,850,000. The 30,324 SF facility sits on 4.3 acres and is purpose-built as a 73-bed skilled nursing and rehabilitation center, featuring substantial healthcare infrastructure including municipal utilities, elevator service, fire suppression, emergency power generation, and a commercial kitchen. Originally constructed in 1896 and renovated in 1987, the property provides an existing institutional framework with significant cost advantage versus ground-up development.
The asset is strategically positioned in Chittenden County's Burlington area, a market characterized by strong healthcare demand, housing shortages, an aging population, and rising behavioral health needs. The flexible building layout and integrated medical and operational systems support multiple redevelopment pathways—continued congregate living, healthcare operations, treatment facilities, or other specialized residential uses. The 4.3-acre parcel includes 40 parking spaces and is zoned Colchester GD2 and Essex Town Industrial, with Ethan Allen Historic Preservation Design Control considerations.
- 73 licensed beds in a 30,324 SF purpose-built healthcare facility
- 4.3-acre site in strong Burlington-area market with aging population and healthcare demand
- Existing infrastructure reduces development costs versus new construction
- Flexible layout supports multiple redevelopment and operational scenarios
- Substantial on-site amenities: emergency power, fire suppression, commercial kitchen, elevator service
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Features & amenities
Location
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 features a 30,324-square-foot facility that historically operated as a 73-bed skilled nursing and rehabilitation center.The property offers a substantial existing healthcare infrastructure, including municipal utilities, elevator service, fire suppression systems, emergency power generation, commercial kitchen facilities, and ample on-site parking. Purpose-built for high-occupancy residential and institutional use, the facility provides a versatile layout with integrated medical and operational systems.With its existing infrastructure, strategic location, and adaptable design, 475 Ethan Allen Avenue offers a unique opportunity for an investor, healthcare operator, or redevelopment group seeking a flexible institutional property with significant potential for continued congregate living, healthcare, treatment, or other specialized residential uses in the Vermont market.
- 73 licensed beds in a 30,324± SF facility
- Situated on a 4.3± acre site in a strong Burlington-area location
- Existing improvements offer a significant cost advantage versus new construction
- Flexible building layout allows for multiple redevelopment opportunities
- Located in Chittenden County, which has strong healthcare demand, housing shortages, an aging population, and increasing behavioral health needs