Auburndale Village VC2-Zoned
For Sale
$8,999,000
283 Melrose St, Newton, MA 02466
Rare opportunity for housing and mixed-use development in Newton.
Days on Market98
Property Features for 283 Melrose St
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
2020
Listing Agency:
Coldwell Banker Realty - Newton
(617) 633-7703
Listed By:
Ward Shifman · License #449509382
(617) 633-7703
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 12:07PM
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 - Newton
Investment Insights
Based on property information with market context.
This property offers approximately 43,783 square feet of VC2-zoned land located in the heart of Auburndale Village, steps from village shops and a short distance from the Commuter Rail. The newly created VC2 district is designed to encourage housing and mixed-use density in Newton’s village centers. The property presents multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 4 stories with tight setbacks. The bike score is 40, indicating it is somewhat bikeable. The walk score is 28, indicating car-dependent surroundings, and the transit score is 22, indicating minimal transit options.
Key Highlights
- Rare opportunity to acquire VC2‑zoned land in Auburndale Village, designed for housing and mixed‑use density.
- Approximately 43,783 sq ft of land, steps to village shops and a short distance to the Commuter Rail.
- Potential to sub‑divide the lot and build multiple buildings up to 4 stories.
Property Analytics
Property Profile
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?
Commercial land - Rare opportunity for housing and mixed-use development in Newton.
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 $8,999,000.
What are key features of this property?
This property features: Rare opportunity to acquire VC2‑zoned land in Auburndale Village, designed for housing and mixed‑use density.; Approximately 43,783 sq ft of land, steps to village shops and a short distance to the Commuter Rail.; Potential to sub‑divide the lot and build multiple buildings up to 4 stories.
