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    Redevelopment Opportunity in Melrose, MA
    Updated: Oct 14, 2025
    Redevelopment Opportunity in Melrose, MA

    236-238 Main Street, Melrose, MA 02176

    $2,400,000
    Redevelopment opportunity with potential for multiple units (subject to city approval).
    Large lot size (31,737 sqft when combined with adjacent property).
    Prime location on MBTA bus line.
    Short walk to Commuter Rail.
    Close proximity to Downtown Melrose.
    View details
    Redevelopment Opportunity in Melrose
    Updated: Jul 1, 2025
    Redevelopment Opportunity in Melrose

    244 Main Street, Melrose, MA 02176

    $3,000,000
    Redevelopment opportunity with potential for multiple units.
    Large lot size (31,737 sqft when combined with adjacent property).
    Located on the MBTA bus line.
    Short walk to Commuter Rail.
    Close proximity to Downtown Melrose.
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Melrose, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Parcel Development Land Opportunity
    Two-Parcel Development Land Opportunity

    40 Oakland St, Malden, MA 02148

    $1,650,000

    Two adjoining parcels in RES A zoning include a former function hall structure with off-street parking and a paved lot.

    View details
    Commercial Land with Transit Access
    Commercial Land with Transit Access

    229, 233, & 235 Washington Street, Malden, MA 02148

    Contact for pricing

    Development land with existing income and MBTA access across Winter Street.

    View details
    Residential Land in Established Neighborhood
    Residential Land in Established Neighborhood

    12B Cheever Ave, Saugus, MA 01906

    $395,000
    0.50 AC lot

    Buildable residential land in a desirable location near amenities.

    View details
    Buildable Residential Lot
    Buildable Residential Lot

    12c Cheever Avenue, Saugus, MA 01906

    $230,000

    Last buildable custom-home lot with gentle slope, existing ledge, and utilities available at the street.

    View details

    Off-Market Properties in Melrose, MA

    Consider similar Off-Market properties in Melrose, MA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    137 Essex St
    VACANT COMMERCIAL LAND

    137 Essex St, Melrose, MA 02176-3105

    Estimated value:
    $490,000
    3,744 sqft 0.15 AC lot
    View details
    Newburyport Tpke
    QUARRIES (SAND, GRAVEL, ROCK)

    Newburyport Tpke, Melrose, MA 02176

    Estimated value:
    $295,000
    5.89 AC lot
    View details
    Broadway Rear
    VACANT COMMERCIAL LAND

    Broadway Rear, Melrose, MA 02176

    Estimated value:
    $240,000
    0.06 AC lot
    View details
    Newbury St
    QUARRIES (SAND, GRAVEL, ROCK)

    Newbury St, Melrose, MA 02176

    Estimated value:
    $285,000
    2.56 AC lot
    View details
    Newbury St
    QUARRIES (SAND, GRAVEL, ROCK)

    Newbury St, Melrose, MA 02176

    Estimated value:
    $230,000
    2.48 AC lot
    View details

    Melrose, MA Land Market Trends and Statistics

    Explore 7 land for sale in Melrose, MA on our real estate platform.

    Sale prices for lots in Melrose, MA start at $2,400,000, averaging $2,700,000, and reaching up to $3,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 2
    Commercial land 1

    Demographics Overview

    Population 29K
    Population Growth (5Y) +4.9%
    Median Household Income $126,854
    College Educated 90.3%

    High-Yield Neighborhoods for Investment

    Identify Melrose submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    02176 $2.7M

    Taxes & Financing

    Tax Rate (average for all types) 1.63%
    Property Tax per SF $9.48 per SF
    Tax Rate vs County Average 0.13 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Middlesex County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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