1 Forbes Street
$29,999,900
777,981 / 17.86
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...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
- Listed by The Steve Bremis Team • Steve Bremis Realty Group
- Listed by Stephen Bremis • Steve Bremis Realty Group
Property Details for 1 Forbes Street
Town
Chelsea
AreaMA-Chelsea
LISTING UPDATED: 10/04/2024 03:10 AM
Property Details for 1 Forbes Street
Status | Active |
---|---|
MLS # | 73296513 |
Days on Market | 83 |
Taxes | $9,999 / year |
HOA Fees | - |
Compass Type | Land |
MLS Type | Land |
Year Built | - |
County | Suffolk County |
Building Information for 1 Forbes Street
Lot Size17.86 AC
Property Information for 1 Forbes Street
Property History for 1 Forbes Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1 Forbes Street
Taxable ValueLand$16,550,000Additions$4,936,900Total$21,486,900
Tax Record2022$122,099 ($10,175 / month)
Home Facts
Total Finished SqFt100,000 SqFtAbove Grade Finished SqFt100,000 SqFtStories4Lot Size758,646 SqFtStyleOffice BuildingYear Built1900ZoningICountySUFFOLKAPNCHEL M:069 P:022
Schools near 1 Forbes Street
This home is within Chelsea School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 1 to 4 | |||
Public - | 5 to 8 | |||
Public - | 9 to 12 | |||
Public - | 1 to 4 |
Rating | School | Distance |
---|---|---|
Edgar A Hooks Elementary School Public1 to 4 | ||
Clark Avenue School Public5 to 8 | ||
Chelsea High School Public9 to 12 | ||
Frank M Sokolowski Elementary School Public1 to 4 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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