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Exceptional development opportunity on a 12,319 SF parcel just outside downtown Stoneham. Located within the Business zoning district; ownership, working with its architectural team, has prepared two preliminary conceptual redevelopment studies illustrating the property's multifamily and townhouse potential. Concept 1 envisions an 18-unit apartment or condominium building with 19 covered parking spaces. Concept 2 proposes eight townhouse residences, each featuring two bedrooms, 2.5 baths, an attached two-car garage, and private outdoor garden space. Rare opportunity for builders and developers to acquire a well-located redevelopment site in one of Greater Boston's most desirable suburban communities. All redevelopment concepts are subject to Planning Board review and approval, design review, and all applicable municipal and regulatory approvals. Seller is willing to cooperate with the purchaser during the permitting process, with closing structured upon mutually agreed milestones.

More Info

Basic Information

  • Lot Features Level
  • Mls StatusNew

Tax Information

  • Tax Assessed Value $581,000
  • Tax Year 2025
  • Taxes$14,000

Basic Information

  • List Price$1
  • MLS Number73545555
  • Modification Date07/07/2026
  • Property SubTypeCommercial

Location

  • Address1 Confidential Way
  • Building Number1
  • CountyMiddlesex
  • StateMA
  • StreetConfidential Way
  • TownStoneham
  • Zip02180

Building

  • Building Area Units Square Feet

Property

  • Acreage0.28

Utilities

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

Property Information

  • Lot Size Square Feet 12,319
  • Lot Size Units Acres

Amenities

  • AmenitiesPublic Transportation
  • Other AmenitiesGarden

Legal

  • ZoningBusiness

Other

  • Date Listed07/07/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Stephen Cefalo of Stephen Cefalo Real Estate

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