Active

71-73 Grove St

Melrose, MA 02176

$1,499,000 $6,319/Mo

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Overview

0.13

Acre(Lot)

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 Details

Property Type : Land

Price : $1,499,000

AD Id : 75526501

MLS Id : 73479049

Lot Size : 0.13 Acre(Lot)

County : Middlesex

Map

What's Nearby

Nearby Areas

Features

Heating & Cooling

WaterSource: Public, On-Site

Road Types

Paved

Public
Fencing

Fenced

Lot Information

Lot Description: Level, Curbs & Gutters, Storm Drains, Sidewalks Lot Size Area: 0.13 Lot Size Units: Acres Lot Square Feet: 5,768 Lot Acres: 0.13 Main Square Feet: 0.13

Property Information

Property Type: Land

Listing Price Information

Original Listing Price: $1499000

Tax Information

Parcel Number: 653827 Annual Tax: $6571

Location Information

Direction: GPS

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ByOwner last updated this listing 06/09/2026 @ 16:34

MLS: 73479049 LISTED BY: Neal Ryan, Thread Real Estate, LLC 781-728-9689 SOURCE: MLS Property Information Network