About 283 Melrose Street
**Rare By-Right Opportunity** This is a Broker marketed sale by Trustee and authorized by bankruptcy court. Sale by order and Trustee deed but otherwise as is, where is. Will sell with clear title, marketable insurance and free of liens and encumbrances. Stalking Horse bidder will receive overbid protection of up to five (5%) percent. Stalking Horse offers due by May 11, 2026. Set in the heart of Auburndale Village, this site offers approximately 43,783 ± sq ft of VC2-zoned land steps to village shops and a short distance to the Commuter Rail. The newly created VC2 district is designed to encourage housing and mixed-use density in Newton’s village centers - making this one of the rare, well-located sites positioned to capitalize on that vision. The property presents multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 4 stories with tight setbacks. This is a unique opportunity, don't miss out!
Features of 283 Melrose Street
| MLS® # | 73506948 |
|---|---|
| Price | $8,999,000 |
| Acres | 1.01 |
| Year Built | 2020 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 283 Melrose Street |
|---|---|
| Area | Auburndale |
| City | Newton |
| County | Middlesex |
| State | MA |
| Zip Code | 02466 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Additional Information
| Zoning | VC2 or MR1 |
|---|
Listing Details
| Agent | Ward Shifman |
|---|---|
| Office | Coldwell Banker Realty - Newton |