1 Forbes Street, Chelsea, MA 02150
A Dream in Progress... Land only… Sitting on 17.86 acres on Chelsea Creek
1 Forbes Street, Chelsea, MA 02150
A Dream in Progress... Land only… Sitting on 17.86 acres on Chelsea Creek
Location
About the Location
1 Forbes Street has a Walk Score of 63 out of 100. This location is Somewhat Walkable so some errands can be accomplished on foot.
This location is in the Mill Hill neighborhood in Chelsea. Nearby parks include Merritt Park, Mcmaken Field and Paul A. Dever Park.
Discover 1 Forbes Street
About 1 Forbes
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, 20,000 sq ft of retail, and 963 parking spots in a phased development on Route 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' buildings 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 million with closing to take place after said approvals. Phased Development Asking Price is $43 million.
Property Features
- 17.86 Acres
- Off street parking for 963 cars
Bremis Collection Exclusive
Meet Steve Bremis
Real Estate is in my blood and a family passion! I guess you could say that I really haven’t done anything else…ever! Back when I was a senior in high school I got my real estate license and sold my first home in Somerville for $27,000. This was back in 1981 when interest rates were fluctuating between 15-18%. I have since personally sold over 1,400 homes with over 36 years in real estate sales since then with my highest sale being over 10 million... My expertise and experience are extensive to say the least. I handle all types of property sales including singles, condos, multi family’s and condo conversion consulting… I’ve been through all types of markets including the latest real estate boom and survived the depths of a recession. I am a proud part of a 62 year old family business and extremely proud of our thriving independence. More important than the amount of sales I make, my success depends on providing you with excellence, establishing lasting relationships built on trust and being… Your Personal Realty Consultant for Life!