71-73 Grove StreetMelrose, MA 02176MLS Number 73479049

  • Price: $1,499,000
  • Est. Mortgage of $/month
  • 84 Days on Market
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Federal 30-year interest rate: 6.37% last updated on May 7, 2026
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71-73 Grove Street Melrose MA 0217671-73 Grove Street Melrose MA 0217671-73 Grove Street Melrose MA 0217671-73 Grove Street Melrose MA 0217671-73 Grove Street Melrose MA 0217671-73 Grove Street Melrose MA 02176
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  • 0.13Acreage

Driving Directions

Melrose Redevelopment Potential! Close to downtown! Zoning states a Special Permit is needed to tear down and rebuild a mixed use building. (Variance not required unless developer chooses that path) A zoning analysis and parking layout shows you can fit 10-12 parking spots. Current FAR (2.0) allows up to 11,500sf building. Zoning also states a possibly bigger building (FAR 3.5/up to 20,000sf) and reduced/substitute parking with 1 &/or 2 additional Special Permits. See Melrose zoning codes 235-8.2 "Density Incentives Allowed in BA-1 and BA-2 Districts". Currently a 3 family. Bus and commuter rail stops are both within a few minutes walk. Routes 1, 93 and the Subway are all about a 5 min drive. Agent/Seller makes no representations. All due diligence is the buyer's responsibility.
Listed by Neal Ryan of Thread Real Estate,LLC

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More Info

Basic Information

  • Lot Features Level, Curbs & Gutters, Storm Drains, Sidewalks
  • Mls StatusActive
  • Parcel Number 653827
  • Road Frontage DescriptionPaved

Property

  • Acreage0.13
  • Frontage Length 66

Property Information

  • Lot Size Square Feet 5,768
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road

Tax Information

  • Tax Assessed Value $663,700
  • Tax Year 2025
  • Taxes$6,571

Location

  • Address71-73 Grove Street
  • Building Number71-73
  • CountyMiddlesex
  • StateMA
  • StreetGrove Street
  • TownMelrose
  • Zip02176

Amenities

  • Amenities
    • House of Worship
    • Laundromat
    • Park
    • Private School
    • Public Transportation
    • Shopping
    • Sidewalks
    • T-Station

Basic Information

  • List Price$1,499,000
  • MLS Number73479049
  • Modification Date04/06/2026

Building

  • Building Area Units Square Feet

Exterior

  • Fencing Fenced

Utilities

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

Other

  • Date Listed02/20/2026
  • Farm Land Area Units Square Feet

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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