Chelsea, MA Commercial Real Estate for Sale and Lease
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What to Expect
This densely populated city sits directly adjacent to Boston in Suffolk County and has a population of approximately 36,800. Commercial real estate here includes office and retail space. Limited amounts of manufacturing and industrial space are typically available too.
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Chelsea Commercial Investment Properties
The smallest of Boston area cities, this town has long been known for its industrial economy. Currently, there are several developments underway or proposed to revitalize the town. The local government is conducting a study that will address the potential market for adding hotel rooms to meet the demand. Because land in the town is limited, the types of hotels and sites must conform to that limitation.
Another project is Re-Imagining Broadway, which will involve reconstructing the corridor from the town square to Fay Square in order to attract more residents and help businesses to prosper. The town will also be asking for input on the fate of the former Salvation Army site located on Broadway.
Currently under official review is the demolition of a two-story, 38,000-square-foot industrial warehouse situated on 7 acres of land at 130 Eastern Avenue. The plan calls for a 32-foot-high industrial building to be constructed at the site. The project is expected to be completed in the fall.
A developer is in the process of designing a small boutique hotel and restaurant at the corner of Winnisimmet and Williams Street. The project will need a special permit.
A 21,035-square-foot first-floor industrial space at 172-176 Williams Street is listed for lease for $11 per square foot a year. The building, constructed in 1970, features air conditioning, a clear height of 22 feet and four loading docks. Off-street parking is free.
A 14,399-square-foot first-floor industrial warehouse space at 191-201 Williams is listed for lease for $6 per square foot a year. Available immediately, the lease term for the property is 5 years. Features include a garage drive-up and two loading docks.
Available this month, a 16,500-to 31,750-square-foot industrial warehouse space at 201 Crescent Avenue is listed for rent. Constructed in 2004, the building features air conditioning.
Unit 2 on the second floor of Admiral's Hill Business Center at 10 Justin Drive is listed for sale for $2.35 million, or $73.44 per square foot. Constructed in 1985, the building supports light industrial activity. Parking is available for 86 vehicles.
A 2,600-square-foot restaurant and bar at 44 Central Avenue is listed for sale for $799,000. The one-story brick building features new HVAC, electrical and fire alarm systems and a basement with plenty of storage space.
Chelsea MA Office Space
General Offices LLC at 220 Willow Street offers affordable private office space for small businesses to rent on a daily, weekly or monthly basis. There are no shared work spaces, and no lease is required. A conference room, Wi-Fi, refreshments and free parking are available. There's a choice of carpeted office sizes and each include desks, visitor's chairs, bookshelves, phone and wastebasket.
Less than a year old, Foundry 214 is a 9,000-square-foot shared work space located on the second floor of a former sculpture foundry. The affordable Open Desk Work Space features an open-concept floor plan and high ceilings in a well-lit environment. Foundry 214 also offers Private Office Spaces from 198 square feet to 560 square feet. The exposed wood-frame ceiling conveys a warehouse loft atmosphere. Each Private Office has access to a conference room, shared meeting room and kitchen. Electricity, HVAC and Internet are included.
Located in Harbour Pointe Park on Everett Street, a 14,360-square-foot office space is listed for lease. Constructed in 1992, the Class B building also houses Eastern Bank and H&R Block.
Also on Everett Street, a 3,000-square-foot office/media space in Suite 7 on the first floor of a Class B building constructed in 1981 in listed for rent for between $18 and $35 per square foot a year.
Close to downtown, two 1,000-4000-square-foot office spaces are listed for rent. Located in a Class C building constructed in 1985, the first- and second-floor spaces are fully air conditioned and sprinklered.
Located in a Class C building constructed in 1935 and renovated in 1998 at 46 Arlington Street, two 3,050-square-foot office spaces are listed for rent for $18 per square foot a year. The first- and second-floor spaces feature exposed brick and wooden beams, high ceilings, arched windows, skylights and conference rooms. The 12-acre property includes a 12-space parking lot.
A 900-square-foot office space on Broadway is listed for lease. Located in a building constructed in 1908, the space is available immediately for a term of 1 to 5 years.
Also located on Broadway, a 2,600-square-foot second-floor medical office space is listed for immediate lease for a term of 3 to 5 years. In a Class B building constructed in 1996, the space includes exam rooms with furniture, nurse station, waiting area and storage.
Another Broadway first-floor office space is listed for rent for $30.11 per square foot a year. Featuring 12-foot-high ceilings, the space will be available March 1.
A 1,000-square-foot first-floor office space at 140 Washington Avenue is listed for rent for $1,500 a month, or $18 per square foot a year. Immediately available, the lease term is for 2 years.
Chelsea MA Retail Space
A 16,386-square-foot retail corner building at 77 Webster Avenue is listed for sale or lease. Constructed in 1926, the building features 14-foot-high ceilings and has great redevelopment potential. Parking for 25 vehicles is available.
Two first-floor retail spaces are listed for lease on Revere Beach Parkway. Located in a building constructed in 1962, Suite A contains 15,681 square feet of space and will be available this month, and Suite G contains 1,304 square feet of space and is available immediately for a term to 5 to 10 years.
2017 Commercial Real Estate News
Set to open late this year, a $30 million, 124-room hotel on Broadway next to Walgreens and overlooking Mill Creek began to take shape in the summer as the steel structure and elevator shaft were among the first features to be constructed.
In August, a hotel management company purchased the 25,500-square-foot industrial building on 1-plus acre of land at 200 Second Street across from the Mystic Mall for $3.675 million for the purpose of constructing a new hotel. Construction is expected to commence this month.
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