105 Everett AveChelsea, MA 02150

Property Details for 105 Everett Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.38 AC

Property size (Sq ft)

8,128 SF

Zone code

BH

Property type

Turn key restaurants

APN

CHEL M:037 P:004

APU

CHELM037P004

Description

This 8,000 square foot mixed-use building, located at 105 Everett Avenue in Chelsea, Massachusetts, presents a unique redevelopment or owner-user opportunity. Originally constructed in 1900 and renovated in 2014, this two-story building sits on a 0.38-acre lot and boasts 7,395 square feet of net rentable space. The property's Highway Business zoning allows for diverse uses. Its prime location off Route 1 provides exceptional visibility and access to high daily traffic counts (23,000 cars). Convenient access to Interstates 93 & 95/Route 128, the MBTA Silver Line, and commuter rail enhances its appeal. The surrounding area offers a wealth of amenities, including the Mystic Mall (anchored by Market Basket, Home Goods, and T.J. Maxx), various dining options, and hotels such as the Hampton Inn, Hilton Double Tree, and Encore Boston Harbor. This property offers a blend of immediate cash flow and substantial long-term potential, making it an attractive investment for those seeking a redevelopment project or a prime owner-user location just four miles from downtown Boston. The building's history as a fire station and later a bank adds unique character.

• CAP approach

  CAP return

  Valuation

  6%

  $1,975,388

  6.5%

  $1,823,435

  7%

  $1,693,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,676,251

  Geo Method

  $2,676,251

• Alternative Use

  Use

  Valuation

  Residential

  $1,538,136

  Hospitality

  $1,408,924

  Educational

  $1,172,208

  Medical

  $1,212,522

  Retail

  $1,823,435

Location Insight

City

Chelsea

County

Suffolk

State

Massachusetts

Latitude

42.3944

Longitude

-71.039

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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