Rare development opportunity in the heart of Newton Highlands Village, just steps to shops, restaurants, and the MBTA Green Line. The property sits on over 7,400 sq ft of land within Newton’s newly adopted VC2 Village Center zoning district, which encourages higher-density village housing with reduced setbacks, increased lot coverage, and building heights of up to approximately 3.5 stories.This property is being offered primarily as a development opportunity, with zoning that allows multifamily housing by right without the need for a special permit, making it a rare and highly attractive project for builders and developers. While the existing three-family home offers charm, including a spacious first-floor unit with four bedrooms and two baths plus two additional units above, the highest and best use may be redevelopment, particularly when combined with the adjacent property at 1208 Walnut Street (MLS #73471998). Together the two parcels create a rare assemblage opportunity in Newton.
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Subject to Seller finding suitable housing (apartment)., Solar panels are subject to an existing contract that must be transferred to the new owner at closing. Buyer is responsible for assuming all terms
- Electric Feature:
- On-site
- Gas:
- On-site
- Area:
- Newton Highlands
- Market Time:
- 4
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- MR2/VC2
- Orig Price:
- $2,800,000
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Newton
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 02461
- Longitude:
- W72° 47' 42.4''
- Latitude:
- N42° 19' 15.1''
Land
1623-1625 Centre Street, Newton, Massachusetts
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $2,800,000
- Lot Area :
- 0.17 Acre
- Listing ID :
- 73484471
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com