283 Melrose St Newton, MA 02466
Property Features for 283 Melrose St
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 1.01 Acres
Building Details
- Year built
- 2022
Source:
Elliman
Listing Agent: Ward Shifman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Auburndale Village Redevelopment Opportunity
Located in Auburndale Village, 283 Melrose Ave features approximately 43,783 square feet of VC2-zoned land. The property is situated steps from village shops and a short distance from the Commuter Rail. The newly created VC2 district encourages housing and mixed-use density in Newton’s village centers. The property offers 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, creating an ideal canvas for modern village-center living.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.2490954
- Latitude
- 42.3468054
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 43,783 sq ft VC2-zoned land near shops and transit.
Where is this commercial land located?
The property is located at 283 Melrose St Newton, MA.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: - Large 43,783 ± sq ft VC2-zoned land in Auburndale Village.; - Located steps to village shops and a short distance to the Commuter Rail.; - VC2 zoning encourages housing and mixed-use density.
