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
ATTENTION DEVELOPERS: Chelsea Sq opportunity now available. This 9000 sq ft lot located in the R-2 District is one block away from Chelsea Sq and exit/on ramps for the Tobin Bridge. The property includes an existing 4 unit multifamily currently rented out and an additional paved parking lot. Possible redevelopment scenarios can be building 6-8 units on parking lot side or total redevelopment of both sides to build 12-16 new units of housing. Tours of interior existing multifamily available to vetted buyers only.
Chelsea is located in Massachusetts. Chelsea, Massachusetts has a population of 40,025. Chelsea is more family-centric than the surrounding county with 33.96% of the households containing married families with children. The county average for households married with children is 23.74%.
The median household income in Chelsea, Massachusetts is $64,782. The median household income for the surrounding county is $80,260 compared to the national median of $69,021. The median age of people living in Chelsea is 33.6 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 19.2 degrees. The average rainfall is approximately 47.9 inches per year, with 47.5 inches of snow per year.
