$ 29,999,900
1 Forbes St Chelsea, MA 02150
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$ 29,999,900
Est. payment /mo
Active
1 Forbes St Chelsea, MA 02150
17.86 Acres Lot
UPDATED:
10/04/2024 07:05 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73296513
HOA Y/N false
Annual Tax Amount $9,999
Tax Year 2024
Lot Size 17.860 Acres
Acres 17.86
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
Location
State MA
County Suffolk
Zoning Commercial
Direction US 1 N to Clinton St Chelsea to Forbes Street
Exterior
Fence Fenced/Enclosed
Community Features Public Transportation, Highway Access, House of Worship, Public School
Waterfront true
Waterfront Description Waterfront,Creek
View Y/N Yes
View City
Building
Lot Description Level
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Steve Bremis Realty Group