1 Forbes St, Chelsea, MA 02150
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$29,999,900
17.86 Acre
Mixed Use
Lots: N/A
Zoning: N/A
HOA: N/A

Property Description

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

Property Details tap to expand

Land Information

  • Land Description: City View(s)|Fenced/Enclosed|Level
  • Amenities: Highway Access, House of Worship, Public School, Public Transportation
  • Road Type: Public
  • Waterfront Features: Creek

Utilities

  • Water: Community Well, Public
  • Sewer: Inspection Required for Sale, Public
  • Electric Info: 110 Volts, On-Site
  • Gas: At Street

Other Information

  • Last Updated: 10/04/24
  • HOA: No
  • Reqd Own Association: Unknown

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/04/2024Active$29,999,900MLSPIN
09/30/2024New$29,999,900MLSPIN

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Seller's Representative: The Steve Bremis Team, Steve Bremis Realty Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 2
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-10-04 03:05:00