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    246 Walnut St Reading, MA 01867

    Picture of Land at Walnut St 246, Reading, MA
    For Sale
    $899,000

    Residential - Reading, MA

    Lot size:
    2.00 Acres
    Days on Market:
    71
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 246 Walnut St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    S20
    APN
    M:003.000000019.0,730138
    Lot size
    2.00 Acres

    Building Details

    Architectural style
    Other

    RE/MAX ANDREW REALTY SERVICES (781) 395-7676 [email protected]

    Listing agent Cheryl Pendenza (781) 395-7676

    Listing date Sep 26, 2025

    MLS# 73404109 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Buildable Lots in Desirable Reading

    This offering presents a rare opportunity for builders and developers in Reading, featuring two buildable lots with approved site plans and modification approvals for overhead utilities, a berm, and a 16-foot high privacy fence. While an existing single-family home is present on-site, the primary value resides in the land and the approved subdivision plan. Lot 1 encompasses 27,895 square feet, while Lot 2 offers 20,058 square feet. Each lot is approved for a 4,500 square foot home, with the potential to expand up to 5,500 square feet including a finished basement. Electric and public water/sewer are available at the street. The property is conveniently located minutes from downtown Reading, commuter rail access, and I-93. Site plans, approvals, order of conditions, decision of approvals, proposed layouts, and building plans are available upon request. The property is zoned S20 and spans approximately 2 acres in Middlesex County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reading
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.116657
    Latitude
    42.503595

    Nearby Similar for Sale

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    • $924,900

      Meticulously Maintained Two-Family Home

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    FAQs

    What type of property is this?
    Land - Two buildable lots with approved plans near downtown Reading.
    Where is this land located?
    The property is located at 246 Walnut St Reading, MA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Two buildable lots with approved site plans.; - Approved for 4,500 sq. ft. homes, potential for 5,500 sq. ft. with finished basement.; - Located minutes from downtown Reading, commuter rail, and I-93.
    (781) 395-7676
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    246 Walnut St Reading, MA 01867
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