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For Sale

283 Melrose Street

283 Melrose Street, Newton, MA 02466

$16,500,000

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 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.

Studio

100 Sq.Ft. LIVING AREA

1.01 Acres lot

Features & Amenities

Area & Lot

Status For Sale
Living Area100 Sq.Ft.
Total Area100 Sq.Ft.
Lot Area1.01 Acres
MLS® ID73451393
TypeMulti-Family
YEAR BUILT2020
NeighborhoodNewton
Water FrontageRiver, 3/10 to 1/2 Mile To Beach
Elementary SchoolWilliams
Middle SchoolBrown
High SchoolSouth

Exterior

water SourcePublic
lot featuresCorner Lot, Easements, Zero Lot Line, Level
parkingPaved Drive
sewerPublic Sewer
SubstructureConcrete Perimeter, Stone

Financial

Sales Price$16,500,000
Zoning MR2/VC2

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