MA
Middlesex
Melrose
02176
71-73 Grove St
71-73 Grove St, Melrose, MA 02176
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Listing Type
Lots/Land
Listing Status
Active
6
$1,499,000

Home Details for 71-73 Grove St

Price
$1,499,000
Type
Land
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
0.13
County
Middlesex
Garage
Days on site
4
MLS Listing#
73479049
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
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
Listing Courtesy: Thread Real Estate, LLC - 781-728-9689
Presented by: Neal Ryan
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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