Technical
Financial
Distress signals
Property profile

145 Beech St Chelsea, MA 02150

OFF-MARKET
Hotels
Property ID
US38-1254495
118,963 SF 1.84 ac lot Built 2016
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional executive office space, located on the ground floor of the Hilton Homewood Suites in Chelsea, MA, offers a unique opportunity for businesses seeking a high-visibility location. The available space ranges from 838 to 3,892 contiguous square feet, within a total building area of 4,730 square feet. Currently, the entire 4,730 square feet is vacant and ready for immediate occupancy. The property benefits from its strategic location, offering easy access to Route 1, placing it just 7 minutes from downtown Boston. The high-traffic area is further enhanced by its proximity to the Chelsea commuter rail station and the Silver Line "T" station, ensuring excellent accessibility for employees and clients. The surrounding area boasts a dense population, with over 1,000 new apartments within walking distance, creating a strong potential customer base. The presence of 465 hotel rooms in the adjacent Hilton Homewood Suites provides a significant source of foot traffic, complemented by a mix of retail, office, hotel, and student traffic. On-site parking is available, adding further convenience. This property presents a rare opportunity to establish a thriving business in a vibrant and well-connected location. The flexible space allows for customization to suit various business needs, making it an ideal choice for companies seeking a prominent presence in the Chelsea market.

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2016
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 118,963 SF
Lot 1.84 ac (79,956 SF)
Zoning code I
APN CHEL M:055 P:017A
UPID US38-1254495

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Vacation Rental

Location

145 Beech St Chelsea, MA 02150-1820
Chelsea metro Census 160400 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.51M

Owner & transaction history

since 2015
2 recorded transactions
2015
$1.4M
1987
Price N/A

Zoning & alternative use

I · Chelsea, MA
Zoning description

The purpose of the I district is to provide for research, manufacturing, wholesaling, and related distribution activities in locations with suitable access and where such activities can occur without an adverse impact up…

General category INDUSTRIAL
Top alternative use upside
Office building $16.5M +553.8%
Restaurant $15.5M +513.4%
Auto repair, garage $12.0M +374.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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