MLS#73506948
STATUSActive
PROPERTY TYPECommercial - Investment
Property Description
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 4 stories with tight setbacks. This is a unique opportunity, don't miss out! **Rare By-Right Opportunity** This is a Broker marketed sale by Trustee and authorized by bankruptcy court. Sale by order and Trustee deed but otherwise as is, where is. Will sell with clear title, marketable insurance and free of liens and encumbrances.
Property Features
Property Type: Commercial - Investment
Lot Size: 1.01 Acres
Taxes: $0
Year Built: 2020
Feature Descriptions
Business Type: 5+ Residential
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: 48
Parcel Number: 690440
Rental Term: Monthly
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty - Newton
Agent Name: Ward Shifman
Agency Phone: 617-969-2447
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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283 Melrose Street | MLS# 73506948
This commercial property located at 283 Melrose Street, Newton, MA 02466 is currently listed for sale with an asking price of $8,999,000. Search Newton real estate on www.masiellogrouprealestate.com today.