71-73 Grove Street Melrose, MA 2176
Redevelopment potential near downtown Melrose with commuter access.
Type:Land
- Added:
- Feb 5, 2026
- Days on Market:
- 76
- Last Refresh:
- Apr 21 at 6:20 am
Property Features for 71-73 Grove Street
General Information
- Standard status
- Active
- Property subtype
- Land
Listing agent Neal Ryan
Listing office Thread Real Estate,LLC
Listing date Feb 5, 2026
Source Stevebremis
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 allows for the construction of a building up to 11,500 square feet under the current FAR (2.0). With additional special permits, a larger building of up to 20,000 square feet may be possible, along with reduced or substitute parking options. A zoning analysis suggests the potential for 10 to 12 parking spots. The site is currently occupied by a 3-family dwelling. Bus and commuter rail stops are located within a short walk, and Routes 1, 93, and the Subway are all approximately a 5-minute drive away. Zoning states a Special Permit is needed to tear down and rebuild a mixed use building.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Melrose
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.06554
- Latitude
- 42.4530136
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Redevelopment potential near downtown Melrose with commuter access.
Where is this commercial land located?
The property is located at 71-73 Grove Street 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: High redevelopment potential in Melrose with zoning allowing for a building up to **11,500 sf (FAR 2.0) or potentially 20,000 sf (FAR 3.5)** with additional special permits.; Close proximity to downtown Melrose.; Zoning analysis suggests the possibility of fitting 10‑12 parking spots on the property.
