71-73 Grove St, Melrose, MA 02176
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$1,499,000
0.13 Acre
Mixed Use
Lots: N/A
Zoning: N/A
HOA: N/A

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.

Property Details tap to expand

Land Information

  • Land Description: Level
  • Amenities: House of Worship, Laundromat, Park, Private School, Public Transportation, Shopping, T-Station
  • Improvements: Curbs & Gutters, Sidewalks, Storm Drains
  • Road Type: Paved, Public, Publicly Maint., Sidewalk

Utilities

  • Water: On-Site, Public
  • Sewer: On-Site, Public
  • Sewer District: MWRA
  • Electric Info: On-Site
  • Gas: On-Site

Other Information

  • Last Updated: 02/24/26
  • Documents on File: Land Survey
  • HOA: No
  • Reqd Own Association: Unknown

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/20/2026New$1,499,000MLSPIN

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Seller's Representative: Neal Ryan, Thread Real Estate, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-02-24 03:05:00