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$ 16,500,000
Est. payment /mo
Active
283 Melrose Street Newton, MA 02466
1.01 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73487469
HOA Y/N false
Year Built 2020
Tax Year 2025
Lot Size 1.010 Acres
Acres 1.01
Property Description
**Rare By-Right Opportunity** - Set in the heart of Auburndale Village, this site offers approximately 43,783 ± sq ft of VC2-zoned land steps to village shops and a short distance to the Commuter Rail. The newly created VC2 district is designed to encourage housing and mixed-use density in Newton's village centers - making this one of the rare, well-located sites positioned to capitalize on that vision. The property presents multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 3.5 stories with tight setbacks. With two existing condemned structures on site, the offering is being marketed as land for redevelopment. This is a unique opportunity to deliver much-needed residential or mixed-use product in a walkable, transit-served location - an ideal canvas for modern village-center living. Renderings for marketing purposes only; no representations are made. Inquire with agent regarding Solar Panel lease buyout.
Location
State MA
County Middlesex
Area Auburndale
Zoning VC2 or MR1
Direction Auburn or Comm Ave to Melrose
Others
Senior Community false
Listed by Coldwell Banker Realty - Newton
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