Listing Tools

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.

More Info

Basic Information

  • Lot Features Level, Curbs & Gutters, Storm Drains, Sidewalks
  • Mls StatusActive
  • Parcel Number 653827
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $663,700
  • Tax Year 2025
  • Taxes$6,571

Basic Information

  • List Price$1,499,000
  • MLS Number73479049
  • Modification Date05/23/2026

Location

  • Address71-73 Grove Street
  • Building Number71-73
  • CountyMiddlesex
  • StateMA
  • StreetGrove Street
  • TownMelrose
  • Zip02176

Building

  • Building Area Units Square Feet

Property

  • Acreage0.13
  • Frontage Length 66

Exterior

  • Fencing Fenced

Utilities

  • Electric On-Site
  • Electric On Property YN Yes
  • Gas On-Site
  • Sewer Public Sewer, On-Site
  • Water Source Public, On-Site

Property Information

  • Lot Size Square Feet 5,768
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road

Amenities

  • Amenities
    • House of Worship
    • Laundromat
    • Park
    • Private School
    • Public Transportation
    • Shopping
    • Sidewalks
    • T-Station

Legal

  • ZoningBA1

Other

  • Date Listed02/20/2026
  • Farm Land Area Units Square Feet
  • View Count5

Map Location

Driving Directions

Listed by Neal Ryan of Thread Real Estate,LLC

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from Castles Unlimited. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.