Rare development opportunity in the heart of Newton Highlands Village, just steps to local shops, restaurants, and the MBTA Green Line. This property at 1629 Centre Street sits on approximately 7,808 sq ft of land within Newton’s newly adopted VC2 Village Center zoning district, which encourages higher-density village housing through reduced setbacks, increased lot coverage, and building heights of up to approximately 3.5 stories. The 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 an attractive project for builders and developers seeking to take advantage of Newton’s new Village Center zoning. While the existing two-family home may offer value as an investment property, the highest and best use may be redevelopment. Additional value may be realized when combined with the adjacent parcel located at 1623-1625 St. (currently listed in MLS), creating a rare assemblage.
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- No Smoking of any kind. This is a lease break. Landlord would like lease to run to 5/31/2027
- Electric Feature:
- On-site
- Gas:
- On-site
- Area:
- Newton Highlands
- Market Time:
- 4
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- MR2
- Orig Price:
- $2,995,000
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Newton
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 02461
- Longitude:
- W72° 47' 41.8''
- Latitude:
- N42° 19' 14.8''
Land
1208 Walnut St, Newton, Massachusetts
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $2,995,000
- Lot Area :
- 0.18 Acre
- Listing ID :
- 73484497
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com