Street-front commercial property on Broadway in Chelsea, currently built out and leased as a salon/barbershop space. The layout includes a bright customer-facing service area with multiple stations, wash areas, waiting space, restroom, rear support/storage areas, and basement/storage space. Large front windows, signage visibility, direct Broadway access, and rear off-street parking accessed through the shared covered drive-through between 682 and 688 Broadway add practical appeal for investors and long-term commercial owners. Current lease runs through 12/31/2028, offering income stability in a visible urban location near public transportation, Route 1/Tobin Bridge access, and major area routes. Adjacent 682 Broadway is also available. ***Properties may be purchased separately or together as a package. See MLS #73536687***
688 Broadway, Chelsea, MA, 02150
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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