174 Green St, Melrose $1,499,000
Sale Type: For Sale Ft2: 7,000 Lot Size: 9,999 Ref #: 73556751
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Category: Multi Family Home
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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.
Details
- Ft2
- 7,000
- Lot Size
- 9,999
- Tax
- $18,408
Listing provided courtesy of Lento + Rivkind Real Estate Team, Coldwell Banker Realty - Boston