The former campus of Anna Maria College in Paxton, MA has been formally brought to market following the institution’s closure in May. The property, located at 50 Sunset Ln., has been listed for sale with Worcester-based Kelleher & Sadowsky Associates serving as the exclusive listing broker, according to reporting by the Worcester Business Journal.
The campus consists of four separate parcels that together cover more than 260 acres. Will Kelleher IV, managing partner at Kelleher & Sadowsky Associates, noted that the large land area and existing improvements create the potential for a range of future uses, and he indicated that the brokerage team intends to engage a broad pool of prospective buyers.
Kelleher said that among the possibilities under consideration is an affordable housing program, including the potential use of Massachusetts’ Chapter 40B affordable housing statute. Chapter 40B can allow qualified residential projects to move ahead with more flexible zoning standards in municipalities that have not yet reached minimum affordable housing thresholds, potentially expanding the number of feasible redevelopment scenarios for the property.
While no specific redevelopment plan has been selected, Kelleher emphasized an open-ended marketing strategy aimed at attracting interest from a variety of buyer profiles and use cases. He characterized the effort as casting as wide a net as possible as the market evaluates how best to reposition the former college campus.
The Anna Maria College campus has been in existence for roughly 80 years, and its four parcels carried a combined 2026 assessed value of approximately $42.03 million, according to Town of Paxton property records. The assessed valuation provides a reference point for the scale of the asset, though Kelleher indicated that the eventual sales price will depend on the buyer profile and on the use ultimately pursued for the site.
The listing adds a sizable education-related property to the Central Massachusetts investment-sales pipeline at a time when large, contiguous land holdings with existing institutional infrastructure are relatively limited in the region. Market participants will be watching how prospective buyers underwrite the site’s redevelopment potential, particularly in light of the potential to integrate affordable housing within a broader reuse program under tools such as Chapter 40B.
