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listing
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LandFor Sale
$1,900,000
156 Williams Street
Chelsea, MA 02150
Courtesy of Marcus & Millichap Real Estate Investment Services - John Craig
MLS Property Information Network
15,125Sq Ft
Est. Mortgage
$9,907/mo

Very rare corner lot in Chelsea approved for 20 one-bedroom workforce and affordable residences. Located in OPPORTUNITY ZONE (ID25025160400) and a transit-oriented, amenity-rich neighborhood. Can be developed as condominiums or apartments. Qualifies for MassHousing "Commonwealth Builder Grant" of up to 4,250,000 as well as subsidy from the City of Chelsea. Recently recorded variances allow for 17 work-force housing units at 120% AMI and 3 affordable units at 80% AMI. Location convenient to business, cultural, medical, and recreational opportunities. Easy access to public transportation routes and highways. Steps to buses and 1/2 mile to commuter rail to Boston and major metro Boston and regional highways. Entitled land with minimal site work needed is exceedingly rare. Full set of schematics available. Schematics show 2 bldgs separated by a shared outdoor terrace and 20-car parking garage below one of the building

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Information courtesy of Marcus & Millichap Real Estate Investment Services is subject to verification and is not guaranteed.
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