MLS® ID: 72520543
Chelsea, Massachusetts, 02150 $1,550,000
ECONOMIC OPPORTUNITY ZONE PARCEL: RARE DEVELOPMENT opportunity by purchasing mixed use commercial/residential located in the PRIME GOLDEN 2 BLOCKS of DOWNTOWN CHELSEA! Nearly 4000 sq ft ground space plus 4000 full basement space for retail use. Second level CURRENTLY has a 3 bed/2 bath 2nd fl apartment. ZONING ALLOWS up to 80 ft height. RESIDENTIAL EXPANSION POSSIBLE. Parking IN REAR 5 cars. INCREDIBLE visibility & lots of foot and auto traffic. City of Chelsea is focused on improvements in the downtown area. Newer sidewalks, streets, bike paths, signal lights to come. Silver Line now open, CASINO now open. FBI Boston Division headquarters, multiple hotels, new apartment and condo complexes are already built or being built further validates the decision to buy now to take advantage of opportunity.