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    Property profile & analytics
    OFF-MARKET Estimated value $10,510,000
    Hotels

    145 Beech St, Chelsea, MA 02150-1820

    118,963 SF 1.84 ac lot Built 2016
    Entity Owned 11-yr Hold Free & Clear
    Property ID
    US38-1254495
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Homewood Suites By Hilton Boston Logan Airport Chelsea Hotel & Motel Vacation Rental
    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
    Lawrenceville LLC · 11 yrs held
    Lawrenceville LLC
    since 2015
    2 recorded transactions
    2015
    $1.4M
    1987
    Zoning & alternative use
    I · Chelsea, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $16.5M +553.8%
    Restaurant $15.5M +513.4%
    Auto repair, garage $12.0M +374.9%
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