VC2-Zoned Redevelopment
For Sale
Contact for pricing
277 Melrose St, Newton, MA 02466
VC2-zoned land near Auburndale Village shops and commuter rail, with two condemned structures on site for redevelopment.
Property Size1 SF
Lot Size1.01 Acres
Price / SF$16,500,000
Days on Market241
Property Features for 277 Melrose St
General Information
Standard status
Active
Size
1 SF
Lot size
1.01 Acres
Property subtype
LAND
Zoning
VC2
Listing Agency:
Coldwell Banker Realty | Brookline - Newton - Chestnut Hill Regional Office
(617) 633-7703
Listed By:
Ward Shifman · License #449509382
(617) 633-7703
Source:
Moodyscre
Added: Dec 11, 2025
Changed: Aug 8
Last Checked: Apr 19 at 5:05PM
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 Coldwell Banker Realty | Brookline - Newton - Chestnut Hill Regional Office
Investment Insights
Based on property information with market context.
Set in the heart of Auburndale Village, this VC2-zoned redevelopment site offers approximately 43,783± square feet of land steps to village shops and a short distance to the commuter rail. The newly created VC2 district is designed to encourage housing and mixed-use density in Newton’s village centers.
The property includes two existing condemned structures and is being marketed for redevelopment. The site also presents multiple paths for value creation, including the potential to subdivide the lot and pursue multiple buildings up to 3.5 stories with tight setbacks.
Further details are available for qualified buyers and brokers interested in exploring redevelopment options within the VC2 framework.
The property includes two existing condemned structures and is being marketed for redevelopment. The site also presents multiple paths for value creation, including the potential to subdivide the lot and pursue multiple buildings up to 3.5 stories with tight setbacks.
Further details are available for qualified buyers and brokers interested in exploring redevelopment options within the VC2 framework.
Key Highlights
- Approximately 43,783± SF of VC2‑zoned land in Auburndale Village
- Steps to village shops and a short distance to the commuter rail
- Two existing condemned structures on site; marketed as land for redevelopment
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 02466, MA
8,434
Population
3,284
Households
2.6
Avg Household Size
37
Median Age
78%
College-Educated
95%
High-School Grad
1.6 sq mi
ZIP Area
5,271
Density / Sq Mi
$170,852
Median Household Income
$82,244
Median Earnings
$2,082
Median Rent
$1,164,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - VC2-zoned land near Auburndale Village shops and commuter rail, with two condemned structures on site for redevelopment.
Where is this residential land & home lot located?
The property is located at 277 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: Approximately 43,783± SF of VC2‑zoned land in Auburndale Village; Steps to village shops and a short distance to the commuter rail; Two existing condemned structures on site; marketed as land for redevelopment
