71-73 Grove St Melrose, MA 2176
Redevelopment potential near downtown Melrose with possible mixed-use building.
Type:Land or Vacant Lot
- Added:
- Feb 20, 2026
- Days on Market:
- 60
- Last Refresh:
- Apr 5 at 9:34 pm
Property Features for 71-73 Grove St
General Information
- Standard status
- Active
- Property subtype
- Land or Vacant Lot
Listing agent Neal Ryan
Listing office Thread Real Estate, LLC (781) 728-9689
Listing date Feb 20, 2026
Source Corcoran
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 Thread Real Estate, LLC
Overview
Melrose Redevelopment Opportunity Near Downtown
This property in Melrose presents a redevelopment opportunity near downtown. The zoning regulations indicate that a special permit is required for demolishing the existing structure and constructing a mixed-use building. A zoning analysis and parking layout suggest the possibility of accommodating 10 to 12 parking spaces. The current Floor Area Ratio (FAR) of 2.0 allows for a building of up to 11,500 square feet. Zoning regulations also suggest the potential for a larger building, with a FAR of 3.5 allowing up to 20,000 square feet, and reduced or substitute parking with one or two additional special permits, as per Melrose zoning codes 235-8.2, 'Density Incentives Allowed in BA-1 and BA-2 Districts'. Currently, the property is a three-family residential building. Bus and commuter rail stops are located within a few minutes' walk, and Routes 1, 93, and the Subway are all approximately a 5-minute drive away. All due diligence is the buyer's responsibility.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Melrose
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0655
- Latitude
- 42.453
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Redevelopment potential near downtown Melrose with possible mixed-use building.
Where is this commercial land located?
The property is located at 71-73 Grove St Melrose, MA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Significant redevelopment potential with FAR up to 3.5 allowing for a building up to 20,000 sf with special permits.; High density zoning allows up to 11,500 sf building.; Prime location close to downtown Melrose.
