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71-73 Grove St, Melrose, MA 02176

Melrose
Local realty services provided by:CENTURY 21 Shawmut Properties
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:April 25, 2026 at 10:33 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)
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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