For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
The Largest CRE Database in the US with Over 1 Million Listings

71-73 Grove Street Melrose, MA 2176

View on Map
Claim this Listing
Loading data...
Loading data...
Loading data...
For Sale
$1,499,000

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

We can help!

Listing Contact
Neal Ryan

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

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Melrose
County
Middlesex
State
Massachusetts
Longitude
-71.06554
Latitude
42.4530136

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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message