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0.28 Acres Lot
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0.28 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73545555
HOA Y/N false
Annual Tax Amount $14,000
Tax Year 2025
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Commercial
Property Description
Exceptional development opportunity on a 12,319 SF parcel just outside downtown Stoneham. Located within the Business zoning district; ownership, working with its architectural team, has prepared two preliminary conceptual redevelopment studies illustrating the property's multifamily and townhouse potential. Concept 1 envisions an 18-unit apartment or condominium building with 19 covered parking spaces. Concept 2 proposes eight townhouse residences, each featuring two bedrooms, 2.5 baths, an attached two-car garage, and private outdoor garden space. Rare opportunity for builders and developers to acquire a well-located redevelopment site in one of Greater Boston's most desirable suburban communities. All redevelopment concepts are subject to Planning Board review and approval, design review, and all applicable municipal and regulatory approvals. Seller is willing to cooperate with the purchaser during the permitting process, with closing structured upon mutually agreed milestones.
Location
State MA
County Middlesex
Zoning Business
Direction Phone/text list agent for site location
Exterior
Community Features Public Transportation
Building
Lot Description Level
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Stephen Cefalo Real Estate
Get More Information On This Property
Adam Umina
Broker License ID: 9569629
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