71-73 Grove St, Melrose, MA 02176

Melrose
Local realty services provided by:ERA Key Realty Services
71-73 Grove St,Melrose, MA 02176
$1,499,000
  • 0.13 Acres
  • Lots / Land
  • Active
Listed by: neal ryan
Office: thread real estate, llc
MLS#:73479049
Source:MLSPIN

Price summary

  • Price:$1,499,000

About this home

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.

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Home facts

  • Listing ID #:73479049
  • Updated:March 03, 2026 at 11:38 AM

Structure and exterior

  • Lot area:0.13 Acres
  • Lot Features:Curbs & Gutters, Level, Sidewalks, Storm Drains

Utilities

  • Water:On-Site, Public
  • Sewer:On-Site, Public Sewer

Finances and disclosures

  • Price:$1,499,000
  • Tax amount:$6,571 (2025)
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