SQUARE FEET100
MLS#73451393
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
**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 Newtons 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Lot Size: 1.01 Acres
Taxes: $0
Year Built: 2020
Feature Descriptions
Building Area Total: 100
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 165
Dwelling Type: 5+ Family - 5+ Units Up/Down
Lot Features: Corner Lot, Easements, Zero Lot Line, Level
Open Parking Y/N: Yes
Parcel Number: 690440
Parking Features: Paved Drive
Parking Total: 0
Rooms Total: 0
Sewer: Public Sewer
Water: Public
Waterfront Features: River,3/10 to 1/2 Mile To Beach
Local Schools
High School: South
Middle School: Brown
Elementary School: Williams
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty - Newton
Agency Phone: 617-969-2447
Agent Name: Ward Shifman
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 37,745.91 per month $33,372.37 Principal & Interest $0.00 Property Tax (data not provided by mls) $4,373.54 Homeowner's Insurance
283 Melrose Street | MLS# 73451393
This multi-family property located at 283 Melrose Street, Newton, MA 02466 is currently listed for sale with an asking price of $14,995,000. Search Newton real estate on www.masiellogrouprealestate.com today.