1 Forbes StreetChelsea, MA 02150MLS Number 73296513

  • Price: $29,999,900
  • Est. Mortgage of $/month
  • 7 Days on Market
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Federal 30-year interest rate: 6.12% last updated on Oct 3, 2024
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1 Forbes Street Chelsea MA 021501 Forbes Street Chelsea MA 021501 Forbes Street Chelsea MA 02150
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  • 17.86Acreage

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Rare indeed! Potential landmark development, if not the largest parcel available in the Boston area. LAND ONLY… Sitting on 17.86 acres on Chelsea Creek in Chelsea and PREVIOUSLY approved for 590 residential units and 20,000 sq ft of retail and 963 parking spots in a phased development on Rt 1a across from Suffolk downs and under 10 minutes to Logan. A copy of the previous approval is available on request. Across from Orient heights. Possible creative options available for a phased development. There are currently 4 structures on the parcel including 'Mill Type' buidings in various states of disrepair, currently unsafe by all practical standards. Three other adjacent parcels on Crescent Ave are also included. Price is 'as is' but seller is offering options depending on how the deal is structured. Buyer will need to have new plans approved. Asking Price subject to Buyer approvals is $35 mln with closing to take place after said approvals. Phased Development Asking Price is $43 mln
Listed by The Steve Bremis Team of Steve Bremis Realty Group

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More Info

Basic Information

  • Dual Variable Compensation YN Yes
  • Lot Features Level
  • Mls StatusActive
  • Parcel Number 1289680

Property

  • Acreage17.86

Utilities

  • Electric On-Site
  • Electric On Property YN Yes
  • Gas At Street
  • Sewer Public Sewer
  • Water Source Public

Other

  • Buyer Agency Compensation2
  • Date Listed09/30/2024
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation2
  • View Count10

Tax Information

  • Tax Assessed Value $22,232,900
  • Tax Year 2024
  • Taxes$9,999

Location

  • Address1 Forbes Street
  • Building Number1
  • CountySuffolk
  • StateMA
  • StreetForbes Street
  • TownChelsea
  • Zip02150

Amenities

  • AmenitiesPublic Transportation, Highway Access, House of Worship, Public School
  • Other AmenitiesWaterfront, Water View

Basic Information

  • List Price$29,999,900
  • MLS Number73296513
  • Modification Date10/04/2024

Building

  • Building Area Units Square Feet

Exterior

  • Fencing Fenced/Enclosed

Property Information

  • Lot Size Square Feet 777,981
  • Lot Size Units Acres
  • View YN Yes

Water Body

  • WaterfrontYes
  • Waterfront Features Waterfront, Creek
CENTURY 21 Shawmut Properties | Brighton
CENTURY 21 Shawmut Properties | Brighton
134 Tremont Street
Brighton, MA 02135

Chelsea, MA Demographics

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Chelsea, MA Real Estate Market Data

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Chelsea, MA Schools

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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