1 Forbes St

Chelsea, MA 02150

– beds
– baths
– sqft
~18 acre lot
– on site

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

Listing courtesy of MLSPIN / The Steve Bremis Team / Steve Bremis Realty Group

Last checked: Checking… • Last updated Oct 4, 2024 •

MLS# 73296513 —

The Building

Building Area Units:

Square Feet

Location

Directions:

US 1 N to Clinton St Chelsea to Forbes Street
Latitude:

42.400013
Longitude:

-71.013516

The Property

Parcel Number:

1289680
Property Type:

Land
Lot Features:

Level
Lot Size Units:

Acres
Lot Size Area:

17.86
Lot Size SqFt:

777981
Lot Size Acres:

17.86
Zoning:

Commercial
View:

City
View:

true
Fencing:

Fenced/Enclosed
Water View:

Yes
Water View Features:

Creek
Waterfront:

true
Waterfront Features:

Waterfront
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Book Number:

53716
Tax Annual Amount:

9999
Tax Assessed Value:

22232900

The Listing

Home Warranty:

false
Sub Agency Relationship Offered:

No

Utilities

Gas:

At Street
Electric:

On-Site
Electric On Property:

true
Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

false
Community Features:

Public Transportation
Association:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/30/24 Sep 30, 2024	Listed / Active	MLSPIN	$29,999,900

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This plot of land located in Mill Hill, Chelsea, MA 02150 is currently for sale for $29,999,900. 1 Forbes St is a – square foot plot of land with – beds and – baths that has been on Estately for 85 days. 1 Forbes St is in the Mill Hill neighborhood of Chelsea and has a WalkScore® of 63, making it somewhat walkable.

Listing Courtesy of: MLSPIN and Steve Bremis Realty Group.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) 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., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.