LOT SIZE 0.132 acres
MLS#73479049
STATUSActive
PROPERTY TYPELand - Lot/Land
Property Description
Melrose Redevelopment Potential! Close to downtown! Zoning states a Special Permit is needed to tear down and rebuild a mixed use building. (Variance not required unless developer chooses that path) A zoning analysis and parking layout shows you can fit 10-12 parking spots. Current FAR (2.0) allows up to 11,500sf building. Zoning also states a possibly bigger building (FAR 3.5/up to 20,000sf) and reduced/substitute parking with 1 &/or 2 additional Special Permits. See Melrose zoning codes 235-8.2 Density Incentives Allowed in BA-1 and BA-2 Districts. Currently a 3 family. Bus and commuter rail stops are both within a few minutes walk. Routes 1, 93 and the Subway are all about a 5 min drive. Agent/Seller makes no representations. All due diligence is the buyer's responsibility.
Property Features
Property Type: Land - Lot/Land
Fenced: Yes
Lot Size: 0.13 Acres
Taxes: $6,571
Feature Descriptions
Community Features: Public Transportation, Shopping, Park, Laundromat, House of Worship, Private School, T-Station, Sidewalks
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: 61
Electric: On-Site
Electric On Property: Yes
Fencing: Fenced
Frontage: 66.00
Lot Features: Level, Curbs & Gutters, Storm Drains, Sidewalks
Parcel Number: 653827
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Sewer: Public Sewer, On-Site
Water: Public, On-Site
Listed By / Shown By
Listed By
Agency Name: Thread Real Estate, LLC
Agency Phone: 781-728-9689
Agent Name: Neal Ryan
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 4,320.92 per month $3,336.12 Principal & Interest $547.58 Property Tax $437.21 Homeowner's Insurance
71-73 Grove St | MLS# 73479049
This land located at 71-73 Grove St, Melrose, MA 02176 is currently listed for sale with an asking price of $1,499,000. The property has approximately 0.13 Acres. Search Melrose real estate on www.masiellogrouprealestate.com today.