1 Forbes Street

Chelsea, MA 02150

$29,999,900
Price
777,981 / 17.86
Lot Size / Acres

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
  1. Listed by The Steve Bremis Team • Steve Bremis Realty Group
  2. Listed by Stephen Bremis • Steve Bremis Realty Group

Property Details for 1 Forbes Street

Town
Chelsea
Area
MA-Chelsea
LISTING UPDATED: 10/04/2024 03:10 AM

Property Details for 1 Forbes Street

StatusActive
MLS #73296513
Days on Market52
Taxes$9,999 / year
HOA Fees-
Compass TypeLand
MLS TypeLand
Year Built-
CountySuffolk County

Building Information for 1 Forbes Street

Lot Size17.86 AC

Property Information for 1 Forbes Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Highway Access, House of Worship, Public School
  • Waterfront: Yes
  • Water View: Yes
Features
Interior Features
  • Bathrooms Total Integer: 0
Exterior Features
  • Exterior Features: City View(s)
  • Fencing: Fenced/Enclosed
  • Lot Description: Level
  • View: City
  • View: Yes
  • Waterfront Features: Waterfront, Creek
  • Waterview Features: Creek
Utilities
  • Electric: On-Site
  • ElectricOnPropertyYN: Yes
  • Gas: At Street
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Property is currently mortgage free. Approval costs and approval process is at the Buyer's sole expense.
Tax Information
  • Tax ID: 1289680
  • Assessments: $22,232,900
  • Book: 53716
  • Tax Year: 2024
  • Zoning: Commercial
Building / Association Information
Complex & Association Information
  • Adult Community: No
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 2

Property History for 1 Forbes Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1 Forbes Street is a 17.86 ac of land for sale in Chelsea, MA 02150. This property was listed for sale on September 30, 2024 by Steve Bremis Realty Group, it's currently listed at $29,999,900. It has been on the market for a total of 52 days and was last sold on October 2, 2006. This listing's school district is Chelsea School District. Nearby schools include Edgar A Hooks Elementary School, Clark Avenue School and Chelsea High School. 1 Forbes Street is a 0-bed, 0-bath, 17.86 ac of land on a 777,981 sq. ft. / 17.86 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Steve Bremis Realty Group, The Steve Bremis Team; Steve Bremis Realty Group, Stephen Bremis

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.