$1,499,000

71-73 Grove St, Melrose, MA 02176

  • Property Icon Land
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month 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:
April 5, 2026 at 7:08PM
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

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

L

Lincoln Elementary School

80 W Wyoming Ave, Melrose, MA, 02176

Grades KG-5

0.31 miles away

M

Melrose Veterans Memorial Middle School

350 Lynn Fells Pkwy, Melrose, MA, 02176

Grades 6-8

0.78 miles away

M

Melrose High School

360 Lynn Fells Pkwy, Melrose, MA, 02176

Grades 9-12

0.78 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

1-3 Woodbine Street, Somerville, MA 02143
Land For Sale

$1,599,999

1-3 Woodbine Street Somerville, MA 02143

#73467482 - Boston Realty Advisors