VC2-Zoned Land for
For Sale
$8,999,000
283 Melrose Street, Newton, MA 02466
VC2-zoned land near village shops and the commuter rail, with subdivision and up-to-4-story building potential.
Property Size2,020 SF
Lot Size1.01 Acres
Days on Market144
Property Features for 283 Melrose Street
General Information
Standard status
Active
Size
2,020 SF
Lot size
1.01 Acres
Zoning
VC2
Building Details
Building Size
2,020 SF
Year Built
2020
Listing Agency:
Coldwell Banker Realty - Newton
(617) 969-2447
Listed By:
Ward Shifman · License #449509382
(617) 633-7703
Source:
Iverty
Added: Apr 24
Changed: Sep 8
Last Checked: Sep 14 at 8:45AM
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.
Offered for sale is a VC2-zoned land site totaling approximately 43,783 ± sq ft. The property is situated in the heart of Auburndale Village and is described as being steps to village shops, with 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. Per the provided remarks, the site may allow multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 4 stories with tight setbacks.
This is a trustee sale authorized by bankruptcy court. The sale will be by order and trustee deed, but otherwise “as is, where is.” The buyer is expected to receive clear title, marketable insurance, and the property will be sold free of liens and encumbrances.
The newly created VC2 district is designed to encourage housing and mixed-use density in Newton’s village centers. Per the provided remarks, the site may allow multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 4 stories with tight setbacks.
This is a trustee sale authorized by bankruptcy court. The sale will be by order and trustee deed, but otherwise “as is, where is.” The buyer is expected to receive clear title, marketable insurance, and the property will be sold free of liens and encumbrances.
Key Highlights
- 1.01‑acre VC2‑zoned land in Auburndale Village
- Approximately 43,783 ± sq ft of VC2‑zoned land
- Potential to subdivide the lot and pursue multiple buildings
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - VC2-zoned land near village shops and the commuter rail, with subdivision and up-to-4-story building potential.
Where is this commercial land located?
The property is located at 283 Melrose Street 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: 1.01‑acre VC2‑zoned land in Auburndale Village; Approximately 43,783 ± sq ft of VC2‑zoned land; Potential to subdivide the lot and pursue multiple buildings
