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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

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

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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

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