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    Redevelopment Opportunity in Melrose
    Updated: Nov 28, 2025
    Redevelopment Opportunity in Melrose

    244 Main St, Melrose, MA 02176

    $3,000,000
    0.43 AC lot
    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
    Redevelopment Opportunity in Melrose, MA
    Updated: Nov 28, 2025
    Redevelopment Opportunity in Melrose, MA

    236-238 Main St, Melrose, MA 02176

    $2,400,000
    0.30 AC lot
    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
    Residential Land Redevelopment Opportunity
    Residential Land Redevelopment Opportunity

    236-238 Main Street, Melrose, MA 02176

    $2,400,000
    0.73 AC lot

    Residential land offered with adjacent lot for redevelopment potential.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Redevelopment Opportunity in Melrose, MA
    Redevelopment Opportunity in Melrose, MA

    244 Main Street, Melrose, MA 02176

    $3,000,000
    0.73 AC lot

    Residential land with redevelopment potential near public transportation.

    View details
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 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.

    Multi-Family
    Multi-Family

    325 Malden St, Revere, MA 02151

    $1,299,000
    2,866 sqft

    Duplexes · 2,866 SF

    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
    Auto Shop With Detailing Operations
    Auto Shop With Detailing Operations

    344 Salem Street, Revere, MA 02151

    Contact for pricing
    0.41 AC lot

    Existing automotive repair and detailing operations occupy a corner parcel with NB zoning.

    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

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

    Newburyport Tpke, Melrose, MA 02176

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

    Broadway Rear, Melrose, MA 02176

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

    Newbury St, Melrose, MA 02176

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

    Newbury St, Melrose, MA 02176

    $230,000
    Estimated value
    2.48 AC lot
    View details

    Melrose, MA Land Market Trends and Statistics

    Explore 9 land for sale in Melrose, MA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 95,396 square feet of properties for sale, with an estimated market value of $10,800,000.

    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 4
    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Middlesex County

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