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1 Forbes St

Chelsea, MA 02150
  • $29,999,900
  • STATUS: Active
  • MLS #: 73296513
UPDATED: 62 min ago
$29,999,900
  • 0
    BEDS
  • 17.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing courtesy of The Steve Bremis Team of Steve Bremis Realty Group.

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

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2025-02-08T16:03:55.377.
www.southshorerealestateliving.com/homes/156057169
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1 Forbes St Chelsea, MA 02150

  • Price: $29,999,900
  • Status: Active
  • On Site: Days
  • Updated: 62 min ago
  • MLS #: 73296513
0
Beds
0
Baths
0
½ Baths
17.86
Acres
County:
Suffolk
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
Exterior Features

Fencing Fenced/Enclosed Lot Features Level Road Frontage Type Public View City View YN Yes Water View Features Creek Waterfront Features WaterfrontCreek Waterfront YN Yes

Property Features

Association YN No Community Features Public TransportationHighway AccessHouse of WorshipPublic School Disclosures Property is currently mortgage free. Approval costs and approval process is at the Buyer's sole expense. Electric On-Site Electric On Property YN Yes Gas At Street Home Warranty YN No Senior Community YN No Sewer Public Sewer Tax Annual Amount 9999 Tax Year 2024 Water Source Public Zoning Commercial

Listing information © 2025 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of The Steve Bremis Team of Steve Bremis Realty Group: 617-828-1070.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2025-02-08T16:03:55.377.
 
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Julie Walsh | William Raveis
161 Front Street
Scituate MA, 02066
Listing courtesy of The Steve Bremis Team of Steve Bremis Realty Group.