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
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Last Updated: October 9th, 2024 at 8:38am
Highway Access
House Of Worship
Public School
Public Transportation
General Information for 1 Forbes St, Chelsea, Massachusetts 02150
Property TypeLand
Property Sub TypeLand
Price$29,999,900
MLS #73296513
Handicap Access / FeaturesNo
List Date2024-09-30
Special Listing ConditionsNo
StateMassachusetts
Street NameForbes St
CityChelsea
Zip Code02150
CountySuffolk
MLS StatusActive
AssociationNo
Heat Zones
Sold Date
Property Sub TypeLand
AdditionalParcelsYNNo
AvailabilityDate
Close Date
Close Price$0
Gas
Listing Service
UnparsedAddress1 Forbes St, Chelsea MA 02150
ZoningCommercial
Interior Features for 1 Forbes St, Chelsea, Massachusetts 02150
ElectricOn-site
ElectricYes
Electric$0
Electric on PropertyNo
MLS Area (Major)
OffMarketDate
Exterior Features for 1 Forbes St, Chelsea, Massachusetts 02150
* Approximate Lot Size17.86 acres
Lot FeaturesLevel
* Parking Spaces
* Sewer UtilitiesPublic Sewer
* Water UtilitiesPublic
Approx. Street Frontage
Parking FeaturesNo
Utilities
Cultivated Area
FarmLandAreaUnits
Lot Size (Square Feet)777,981 Sqft
MLSPIN_PERC_TEST
MLSPIN_PERC_TEST_DATE
PastureArea
Wooded Area
Disclosures for 1 Forbes St, Chelsea, Massachusetts 02150
Buyer Agent Compensation2
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Facilitator Compensation2
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 1 Forbes St, Chelsea, Massachusetts 02150
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value$22,232,900
Real Estate Tax$9,999
Tax Year2024
OriginalListPrice$29,999,900
Lifestyle Information for 1 Forbes St, Chelsea, Massachusetts 02150
Association AmenitiesNo
Frontage Type
GarageYNNo
WaterviewCreek
Waterfront FeaturesCreek, Waterfront
Location information for 1 Forbes St, Chelsea, Massachusetts 02150
Elementary School
High School
NumberOfLots
Marketing History for 1 Forbes St, Chelsea, Massachusetts 02150
MLSPIN_MARKET_TIME_BROKER4
MLSPIN_MARKET_TIME_PROPERTY4
PurchaseContractDate
Agent Information for 1 Forbes St, Chelsea, Massachusetts 02150