VC2-Zoned Commercial
For Sale
$8,250,000
283 Melrose Street, Newton, MA 02466
Village-center site near shops and commuter rail, with a zoning framework intended for housing and mixed-use density.
Property SizeContact for details
Days on Market114
Property Features for 283 Melrose Street
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Coldwell Banker Realty - Newton
Listed By:
Ward Shifman
(617) 875-4950
Source:
Sarkisboston
Added: Apr 18
Changed: Aug 8
Last Checked: Aug 8 at 5:01PM
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 commercial land site comprises approximately 43,783 ± square feet in Auburndale Village and carries VC2 zoning. The district is newly created for Newton’s village centers, with an emphasis on housing and mixed-use density. The property is positioned steps from village shops and a short distance from the Commuter Rail.
The site is presented with potential for subdivision and multiple buildings of up to 4 stories, subject to applicable approvals and requirements. The sale is being conducted by a Trustee under bankruptcy court authorization, with a Trustee deed. The property will convey with clear title, marketable insurance, and free of liens and encumbrances, on an as-is, where-is basis.
The site is presented with potential for subdivision and multiple buildings of up to 4 stories, subject to applicable approvals and requirements. The sale is being conducted by a Trustee under bankruptcy court authorization, with a Trustee deed. The property will convey with clear title, marketable insurance, and free of liens and encumbrances, on an as-is, where-is basis.
Key Highlights
- Approximately 43,783 ± SF of commercial land
- VC2 zoning in Newton’s newly created village‑center district
- Steps from shops in Auburndale Village
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?
Commercial land - Village-center site near shops and commuter rail, with a zoning framework intended for housing and mixed-use density.
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 $8,250,000.
What are key features of this property?
This property features: Approximately 43,783 ± SF of commercial land; VC2 zoning in Newton’s newly created village‑center district; Steps from shops in Auburndale Village
