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$16,500,000
Est. payment /mo
1.01 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73455948
HOA Y/N false
Year Built 2022
Tax Year 2025
Lot Size 1.010 Acres
Acres 1.01
Property Description
Set in the heart of Auburndale Village, 283 Melrose Ave offers approximately 43,783 ± sq ft of VC2-zoned land steps to village shops and 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 - making this one of the rare, well-located sites positioned to capitalize on that vision. The property presents multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 3.5 stories with tight setbacks. With two existing condemned structures on site, the offering is being marketed as land for redevelopment. This is a unique opportunity to deliver much-needed residential or mixed-use product in a walkable, transit-served location - an ideal canvas for modern village-center living. More details are available.
Location
State MA
County Middlesex
Area Auburndale
Zoning VC2/MR2
Direction Auburn Street to Melrose
Others
Senior Community false
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Listed by Coldwell Banker Realty - Newton
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