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1623-1625 Centre St - Premier Newton Development Opportunity 0.17 Acres of Commercial Land Offered at $2,800,000 in Newton, MA 02461



Investment Highlights
- Rare development opportunity in the heart of Newton Highlands Village, just steps to local shops, restaurants, and the MBTA Green Line
- 7,808 sq ft of land within Newton’s newly adopted VC2 Village Center zoning district
Executive Summary
Property Facts Under Contract
1 Lot Available
Lot
| Price | $2,800,000 | Lot Size | 0.17 AC |
| Price Per AC | $16,470,588.24 |
| Price | $2,800,000 |
| Price Per AC | $16,470,588.24 |
| Lot Size | 0.17 AC |
Level developable lot in the VC2 zone. Allows for density. Similar sized abutting lot next door also available. Two lots available! This COSTAR listing is for 1623-1625 Centre Street ONLY. 1629 Centre also available and listed by Coldwell Banker.
Description
Rare development opportunity in the heart of Newton Highlands Village, just steps to local shops, restaurants, and the MBTA Green Line. This property at 1629 Centre Street sits on approximately 7,808 sq ft of land within Newton’s newly adopted VC2 Village Center zoning district, which encourages higher-density village housing through reduced setbacks, increased lot coverage, and building heights of up to approximately 3.5 stories. The property is being offered primarily as a development opportunity, with zoning that allows multifamily housing by right without the need for a special permit, making it an attractive project for builders and developers seeking to take advantage of Newton’s new Village Center zoning. While the existing two-family home may offer value as an investment property, the highest and best use may be redevelopment. Additional value may be realized when combined with the adjacent parcel located at 1623-1625 Street (currently listed in MLS), creating a rare assemblage opportunity for a larger village-scale development in one of Newton’s most desirable locations.
Property Taxes
| Parcel Number | NEWT-000052-000037-000018 | Improvements Assessment | $430,100 |
| Land Assessment | $678,700 | Total Assessment | $1,108,800 |
Property Taxes
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1623-1625 Centre St - Premier Newton Development Opportunity
