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$1,375,000
Est. payment /mo
4,060 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,060 sqft
Price per Sqft $338
MLS Listing ID 73456488
HOA Y/N false
Year Built 1915
Annual Tax Amount $18,234
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Property Description
Rare opportunity to acquire a well-maintained brick mixed-use asset in a highly strategic Chelsea location, only 12 minutes from Logan Airport and 11 minutes from downtown Boston. The property includes a long-standing commercial tenant, El Carriel Bar, on the ground floor with a 1-bedroom residential unit above. The adjacent structure consists of three quality 2-bedroom/1-bath units. All units feature separately metered electricity, heat, and hot water, which tenants pay directly. The owner covers water and sewer, with the commercial tenant reimbursing 66.67% for 9–11 Williams and 23 Division. El Carriel has operated at this location since 2018 and recently exercised a 5-year renewal option with scheduled annual rent increases, providing proven tenant stability and consistent income growth. Continued investment and development in Chelsea further support the property's long-term upside.
Location
State MA
County Suffolk
Zoning 5-9 Family
Direction GPS
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Rubber
Others
Senior Community false
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Listed by NextGen Realty, Inc.
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