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Chelsea Mixed-Use Asset For Sale

11 Williams Street, Chelsea, MA 02150

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For Sale

$1,299,000

Mixed-use property with commercial tenant and residential units in Chelsea.

Type:Commercial

Property size:

4,060 SF

Price / SF:

$319/SF

HighLights

Prime Chelsea location, just minutes from Logan Airport and downtown Boston.
Mixed‑use property featuring a long‑standing commercial tenant, El Carriel Bar, with a 5‑year renewal and scheduled rent increases.
Includes a 1‑bedroom residential unit, plus an adjacent structure with three quality 2‑bedroom/1‑bath units.
All residential units have separately metered utilities, paid directly by tenants.
Proven tenant stability with El Carriel operating since 2018.
Continued investment and development in Chelsea support long‑term upside.

We can help!

Listing Contact

Zachary Conley

Learn more

For Sale

$1,299,000

Mixed-use property with commercial tenant and residential units in Chelsea.

Type:Commercial

Property size:

4,060 SF

Price / SF:

$319/SF

Added:: Oct 18, 2025
Days on Market:: 236
Last Refresh:: Apr 21 at 5:43 pm

Property Features for 11 Williams Street

General Information

Standard status: Active
Size: 4,060 SF
Property subtype: Commercial

Building Details

Year Built: 1915

We can help!

Listing Contact

Zachary Conley

Listing agent Zachary Conley

Listing office NextGen Realty, Inc.

Listing date Oct 18, 2025

Source Arborviewrealtyinc

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of NextGen Realty, Inc.

HighLights

Prime Chelsea location, just minutes from Logan Airport and downtown Boston.
Mixed‑use property featuring a long‑standing commercial tenant, El Carriel Bar, with a 5‑year renewal and scheduled rent increases.
Includes a 1‑bedroom residential unit, plus an adjacent structure with three quality 2‑bedroom/1‑bath units.
All residential units have separately metered utilities, paid directly by tenants.
Proven tenant stability with El Carriel operating since 2018.
Continued investment and development in Chelsea support long‑term upside.

Overview

This mixed-use property is located in Chelsea, approximately 12 minutes from Logan Airport and 11 minutes from downtown Boston. The property features a commercial space occupied by El Carriel Bar, which has been operating at this location since 2018 and has exercised a 5-year renewal option with scheduled annual rent increases. Above the commercial space is a 1-bedroom residential unit. The adjacent structure includes three 2-bedroom/1-bath units. Each unit has separately metered electricity, heat, and hot water, paid directly by the tenants. The owner is responsible for water and sewer, with the commercial tenant reimbursing 66.67% for 9–11 Williams and 23 Division. The building is constructed of brick and has a total size of 4060 square feet. Continued investment and development in Chelsea further support the property's long-term upside.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$130.1k	$32.04
− Vacancy	−$9.0k	−$2.21
EGI	$121.1k	$29.83
− OpEx	−$30.3k	−$7.46
NOI	$90.8k	$22.37

4,060 SF · lease $32.04/SF/yr · vacancy 6.90% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.30M

$1.14M – $1.51M (±1% cap)

NOI $90,830 @ 7.0% cap · market cap 6.99%

Second Best

Apartment 5plus

$1.01M

$881.6K – $1.18M (±1% cap)

NOI $70,527 @ 7.0% cap · market cap 5.43%

Theoretical Best

Office A

$2.40M

$2.10M – $2.80M (±1% cap)

NOI $168,245 @ 7.0% cap · market cap 12.95%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

El Carriel Bar Bar & Pub

Suggested Use

Location Insight

Map
Local Demand

City: Chelsea
County: Suffolk
State: Massachusetts
Longitude: -71.0390414
Latitude: 42.3881108

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For sale
Mixed-use properties
MA
Chelsea
02150
11 Williams Street

What type of property is this?

Mixed-use property - Mixed-use property with commercial tenant and residential units in Chelsea.

Where is this mixed-use property located?

The property is located at 11 Williams Street Chelsea, MA.

What is the asking price?

The asking price for this property is $1,299,000.

What are key features of this property?

This property features: Prime Chelsea location, just minutes from Logan Airport and downtown Boston.; Mixed‑use property featuring a long‑standing commercial tenant, El Carriel Bar, with a 5‑year renewal and scheduled rent increases.; Includes a 1‑bedroom residential unit, plus an adjacent structure with three quality 2‑bedroom/1‑bath units.