Prime development opportunity at 174 Green Street in Melrose. Situated on a highly visible 0.24-acre (10,454 sq. ft.) lot with steady daily traffic, this versatile site offers a high-yield footprint for a high-density residential build featuring a street-level retail component. Flexible BA1 zoning provides a clear pathway to maximize residential square footage while capturing ground-floor commercial value. The existing ~7,000 sq. ft. structure offers immediate utility or short-term cash flow while navigating entitlements. Unbeatable transit-oriented location moments from the Melrose Highlands Commuter Rail, Oak Grove (Orange Line), and vibrant downtown Melrose guarantees strong demand for future residential units and retail tenants alike. Capitalize on a rare, scalable parcel in a premier suburban market. Buyers and their agents to perform all due diligence regarding zoning, permitting, density, and specific allowable uses.
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Buyers and their agents to perform all due diligence regarding zoning, permitting, and specific uses.
- Garage Parking:
- Yes
- Lead Paint:
- Unknown
- Parking Spaces:
- 1
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $214
- Zoning:
- BA1
- No Units:
- 1
- Orig Price:
- $1,499,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- New
- City:
- Melrose
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 02176
- Longitude:
- W72° 56' 23.6''
- Latitude:
- N42° 27' 56.9''
Residential Income
174 Green St, Melrose, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,499,000
- Rooms :
- 1
- Total Bathrooms :
- 1.5
- Full Bathrooms :
- 0
- Half Bathrooms :
- 3
- Square Footage :
- 7,000 Sqft
- Year Built :
- 9999
- Lot Area :
- 0.23 Acre
- Listing ID :
- 73556751
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
