Chelsea Mixed-Use Asset For
11 Williams Street, Chelsea, MA 02150
Mixed-use property with commercial tenant and residential units in Chelsea.
Type:Commercial
Property size:
4,060 SFPrice / SF:
$319/SF- Added:
- Nov 20, 2025
- Days on Market:
- 178
- Last Refresh:
- Apr 5 at 8:33 pm
Property Features for 11 Williams Street
General Information
- Standard status
- Active
- Size
- 4,060 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1915
Listing agent Zachary Conley License #9528338
Listing office NextGen Realty, Inc. (617) 208-2100
Listing date Nov 20, 2025
Source Corcoran
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
- Strategic Chelsea location, just minutes from Logan Airport and downtown Boston.
- Long‑standing commercial tenant (El Carriel Bar) with a recently exercised 5‑year renewal and scheduled rent increases, ensuring stable income.
- Mixed‑use property featuring a commercial unit and four residential units (one 1‑bedroom and three 2‑bedroom).
- All residential units feature separately metered electricity, heat, and hot water, paid directly by tenants.
- Proven tenant stability with El Carriel operating at the location since 2018.
- Located in an area with continued investment and development, supporting long‑term upside.
Overview
This well-maintained brick mixed-use property is located in a strategic Chelsea location, approximately 12 minutes from Logan Airport and 11 minutes from downtown Boston. The property features a commercial space on the ground floor, currently occupied by El Carriel Bar, which has been operating at this location since 2018 and has recently 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, which are 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 property's location in Chelsea, combined with ongoing investment and development in the area, supports its long-term potential.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.01M
NOI $90,830 @ 9.00% cap · cautious / downside scenario
Moderate
$1.30M
NOI $90,830 @ 7.00% cap · market / base-case scenario
Aggressive
$1.82M
NOI $90,830 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| 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 Use Scenarios
Best Use
Specialty Retail
$1.30M
$1.14M – $1.51M
NOI $90,830 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$1.01M
$881.6K – $1.18M
NOI $70,527 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
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
Location Insight
- Map
- Local Demand
- City
- Chelsea
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.039
- Latitude
- 42.3881
Nearby Similar for Sale
FAQs
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: Strategic Chelsea location, just minutes from Logan Airport and downtown Boston.; Long‑standing commercial tenant (El Carriel Bar) with a recently exercised 5‑year renewal and scheduled rent increases, ensuring stable income.; Mixed‑use property featuring a commercial unit and four residential units (one 1‑bedroom and three 2‑bedroom).
