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1619 Centre St - Prime Development site in Newton Highlands 0.31 Acres of Residential Land Offered at $3,500,000 in Newton, MA 02461
EXECUTIVE SUMMARY
Dream Development Opportunity.
New MBTA Communities MRT/MR1 zoning adding to the opportunity for multifamily housing/luxury condos.
PROPERTY FACTS
| Price | $3,500,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.31 AC |
| Property Type | Land | ||
| Zoning | MRT/MR1 - Prime AAA+ Location in the absolute heart of Newton Highlandsd - rare to find a nearly 1/3 acre site in the ultra desirable newly established MBTA Com | ||
| Price | $3,500,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.31 AC |
| Zoning | MRT/MR1 - Prime AAA+ Location in the absolute heart of Newton Highlandsd - rare to find a nearly 1/3 acre site in the ultra desirable newly established MBTA Com |
1 LOT AVAILABLE
Lot
| Price | $3,500,000 | Lot Size | 0.31 AC |
| Price Per AC | $11,326,054.46 |
| Price | $3,500,000 |
| Price Per AC | $11,326,054.46 |
| Lot Size | 0.31 AC |
Prime AAA+ Location in the absolute heart of Newton Highlandsd - rare to find a nearly 1/3 acre site in the ultra desirable newly established MBTA Communities Zoning with a goal of allowingn more dense developments. This house is in the MRT/MR1 zone.
DESCRIPTION
Attention developers - a dream location and opportunity. Potential to purchase up to 3 adjacent properties. Rarely available three-family in ultra desirable prime Newton Highlands locations steps to the best of shopping, dining and the MBTA Green Line plus nearby Crystal Lake. Neary 1/3 acre - over 13,400 sf of prime land located in Newton's newly passed MRT/MR1 MBTA zoning which has a goal of encouraging the creation of higher-density village multifamily housing by expanding zoning to allow for more density. (Note: Ask for details on TWO adjacent properties available for sale if you are interested to do a larger development). A rare chance to be a part of the development of one of Newton's premier locations. Existing home has much charm and character including a spacious townhouse style 3 bedroom owner's unit. Can be delivered vacant. No representations made - buyers to do their own due diligence on use and zoning. 1619 Centre St - 13,461 +/- sf. MR1/MRT Zoning. $3,500,000 1625 Centre St - 7,477 +/- sf MR2/VC2 Zoning. $2,995,000 1629 Centre ST - 7,808 +/- sf MR2/VC2 Zoning. $2,995,000 listed by a colleague in our office. All are offered individually and could be great devleopments on their own or one could buy two or all 3.
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1619 Centre St - Prime Development site in Newton Highlands
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