163 Chestnut Street for Sale Chelsea, Ma
163 CHESTNUT STREET FOR SALE CHELSEA, MA 29,185 SF SITE AVAILABLE FOR SALE LOCATED IN CLOSE PROXIMITY TO DOWNTOWN BOSTON LOCATION, LOCATION, LOCATION Just four miles north of Boston, sits the City of Chelsea. Chelsea, which has seen a rush of growth from an influx of residents and employers in recent years, is home to 40,000 residents and boasts an average household income of $77,000. Chelsea’s close proximity to Boston, robust area amenities, access to public transportation and highway access, combine to make Chelsea the area’s next up-and-coming neighborhood. Chelsea also benefits from a portfolio of nearby large employers - such as Encore Boston Harbor, Federal Bureau of Investigation (FBI), Massachusetts Information Technology (MIT) Center, Partners Healthcare, and Massachusetts General Hospital (MGH). While the healthy job gains in the tech and life sciences industries have been key contributors to metro wide job gains, Chelsea and neighboring town, Everett, are seeing high employment growth within their submarkets: The FBI relocated its regional office into a new 268,000 SF office in Chelsea in 2016. Two and a half miles away, The Encore Boston Harbor Resort & Casino in Everett was cited as one of the largest construction projects in the nation, valued at $2.6 billion; The five-star waterfront resort offers a world-class casino, 15 restaurants, bars and nightlife scene, supporting over 5,500 new full-time jobs since its completion in 2019. Furthermore, Assembly Row in Somerville continues to expand its mixed-use retail, residential, and office complex, anchored by Partners Healthcare. The City of Chelsea has also seen significant commercial development and public transportation investment: The recently completed Silver Line 3 Chelsea (SL3) provides expedient proximity into hubs at Logan Airport and South Station, connecting residents and employees to the MBTA Blue and Red Lines.
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