$1,499,000

71-73 Grove St, Melrose, MA 02176

Land
Built in ——
5,663sqft lot
—— car garage
$——/sqft
Listed 3 months ago

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.

Listing Status:: Active
Date Added:: February 20, 2026
Data Last Updated:: June 13, 2026 at 2:09AM
Listing Office:: Thread Real Estate, LLC : 781-728-9689
Listing Agent:: Neal Ryan :
MLS ID:: 73479049

Road/Access: Public
Originating MLS: MLS Property Information Network
County: Middlesex

Zoning: BA1653827
Fencing: Fenced

Utilities: On-SiteElectricity on Property
Water: PublicOn-Site
Sewer: Public SewerOn-Site

Source: MLS Property Information Network

This listing courtesy of Neal Ryan , Thread Real Estate, LLC

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Principal & Interest $
Property Taxes $
Home Insurance $
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