274-280 Revere Beach Pky
Chelsea, MA 02150

HIGH-PROFILE RETAIL LOCATION Access and visibility on heavily traveled Route 16 (±52,800 cars/day), as well as visibility from Route 1 (additional ±100,000 cars/day) and convenient access sets the site apart as an ultimate in-fill location just five miles north of Boston with ±268,000 people living within three miles generating average household incomes of ±$77,000. RECENT CAPITAL IMPROVEMENTS Current ownership recently invested heavily in the buildings, including new roofs, kitchens/baths, HVAC equipment, MEP and many other building upgrades, mitigating the buyer’s future capital exposure. STABLE IN-PLACE INCOME The retail and residential buildings are both 100% leased, providing the new owner with stable long-term cash flow, contractual increasing income from the retail lease and the ability to increase rents on the residential year to year.