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$ 1,499,000
Est. payment | /mo
5,662 Sqft Lot
$ 1,499,000
Est. payment | /mo
5,662 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73479049
HOA Y/N false
Annual Tax Amount $6,571
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
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.
Location
State MA
County Middlesex
Zoning BA1
Direction GPS
Exterior
Fence Fenced
Community Features Public Transportation, Shopping, Park, Laundromat, House of Worship, Private School, T-Station, Sidewalks
Building
Lot Description Level, Curbs & Gutters, Storm Drains, Sidewalks
Sewer Public Sewer, On-Site
Water Public, On-Site
Others
Senior Community false
Listed by Thread Real Estate, LLC
Nearby Locations
GET MORE INFORMATION
Steven Steiner
Broker | License ID: 068128
steven@whitehillestatesandhomes.com
48 Maple Manor Rd, Center Conway , New Hampshire, 03813, USA