DanielleBallou
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71-73 Grove St
Melrose, MA 02176

$1,499,000

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Listing Details

  • $1,499,000
  • MLS# 73479049
  • Type Land - Lot/Land
  • Status Active
  • 0.132 acres
    Lot Size

Listed By

Agency Name: Thread Real Estate, LLC
Agent Name: Neal Ryan
Agency Phone: 781-728-9689

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Shown By

Agent Name: Danielle Ballou
Agent Phone: (508) 942-9508
Agency Title: Donahue Real Estate Co.

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Home Value Estimate


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...read more

Features

  • $6,571 Taxes
  • Public, On-Site
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/03/2026. The listing information on this page last changed on 06/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 06/03/2026 7:21:35 AM EST) or MLSPIN MLS (last updated Wed 06/03/2026 7:08:07 AM EST) or Cape Cod / Islands MLS (last updated Wed 06/03/2026 7:14:49 AM EST). Real estate listings held by brokerage firms other than Donahue Real Estate Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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