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23419583
23419596

248 Everett Ave, Chelsea, MA 02150

Covered Bridge Real Estate Group
Listed by Covered Bridge Real Estate Group
$3,900,000
383 days on market
Updated 2 days ago
Opportunity zone

248 Everett Ave

Details
Property Type Office, Mixed Use (+1)
Sub Type Traditional Office
Square Footage 5,600
Net Rentable (SqFt) 15,855
Units 4
Cap Rate 3.69%
NOI $144,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Broker Co-Op Yes
Class B
Year Built 1988
Buildings 2
Stories 2
Lot Size (SqFt) 15,855
Zoning B
Parking Spaces 13 spaces
Parking Per SqFt 2.32
Ground Lease No

Prime Development & Investment Opportunity with Owner Financing Potential and Exceptional Income.

Marketing description

Prime Development & Investment Opportunity with Owner Financing Potential and Exceptional Income. Situated on a high-visibility corner lot in the heart of the Everett Avenue Urban Revitalization District, this site enjoys flexible zoning and outstanding accessibility. Short walk to the Silver Line, commuter rail, and seamless access to Boston via the Tobin Bridge. Surrounded by new high-end construction attracting thousands of professionals, this area is poised for long-term value and strong demand. Property Highlights: Three Parcels Included totaling 16,000+/- sq ft: 248 Everett Ave: 6,783 SF lot with a 3,600 SF two-story office building featuring two units, separate utilities, 4 bathrooms (including a shower), private offices, reception areas, conference rooms, and parking for 13+ vehicles as well as a 3-bay commercial garage. 250 Everett Ave: 1,050 SF lot. 157 Carter Street: 8,000 SF buildable lot. Act now to capitalize on Chelsea’s booming growth and Boston-area demand.

Listing Contacts

Covered Bridge Real Estate Group
Listed by Covered Bridge Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$144,000.00
$12,000.00/mo

Valuation Metrics

0
DSCR
3.69%
Cap Rate
3.69%
ROI

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