About 283 Melrose Street
**Rare By-Right Opportunity** - Set in the heart of Auburndale Village, this site 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. Renderings for marketing purposes only; no representations are made. Inquire with agent regarding Solar Panel lease buyout.
Features of 283 Melrose Street
| MLS® # | 73487469 |
|---|---|
| Price | $16,500,000 |
| Acres | 1.01 |
| Year Built | 2020 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 283 Melrose Street |
|---|---|
| Area | Auburndale |
| City | Newton |
| County | Middlesex |
| State | MA |
| Zip Code | 02466 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Additional Information
| Zoning | VC2 or MR1 |
|---|
Listing Details
| Agent | Ward Shifman |
|---|---|
| Office | Coldwell Banker Realty - Newton |