Active
1 Forbes St
Chelsea MA, 02150
$29,999,900
$38.56 per sqft
Active
17.86 Acres
Land
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
73296513
MLSⓇ ID
September 30, 2024
Listed
November 22, 2024
Updated
Map
1 Forbes St
Chelsea MA, 02150
Exterior/Building Features
Lot Size
17.86 Acres
Lot Features
Level
Sewer
Public Sewer
Other Property Details
Taxes
$9,999
Tax Frequency
Annually
Days on Market
4
Garage
No
View
Yes
View Description
City
County
Suffolk
Water Source
Public
Pool
No
Waterfront
Yes
Zoning
Commercial
Courtesy of The Steve Bremis Team,
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Data last updated 11:23 PM UTC, 11/22/2024
