Redevelopment Opportunity in Melrose,
For Sale
$2,400,000
Pending
236-238 Main St, Melrose, MA 02176
Land for redevelopment near public transportation and downtown Melrose.
Property SizeContact for details
Lot Size0.30 Acres
Days on Market254
Property Features for 236-238 Main St
General Information
Standard status
Pending
Lot size
0.30 Acres
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$9,330
Listing Agency:
(781) 640-1484
Listed By:
Kevin Sexton
(781) 640-1484
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kevin Sexton
Investment Insights
Based on property information with market context.
This property presents a redevelopment opportunity in conjunction with the sale of 244 Main Street. The combined lots will create a 31,737 square foot lot. Under special permitting by the city, there is a possibility for the construction of 9 units, although the seller makes no representations or warranties regarding the city's willingness to grant such a permit or the potential highest and best use. All due diligence is the responsibility of the buyer and their agents. The property is located on the MBTA bus line and is a short walk from the Commuter Rail and Downtown Melrose.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,098
Businesses Nearby
Explore this area
Business Placement
Demographics for 02176, MA
29,817
Population
12,724
Households
2.3
Avg Household Size
41
Median Age
62%
College-Educated
95%
High-School Grad
4.7 sq mi
ZIP Area
6,344
Density / Sq Mi
$126,854
Median Household Income
$80,293
Median Earnings
$1,933
Median Rent
$796,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Land for redevelopment near public transportation and downtown Melrose.
Where is this land located?
The property is located at 236-238 Main St Melrose, MA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 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.
