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Rare “By-Right” development opportunity in the heart of Newton Highlands Village, just steps to shops, restaurants, and the MBTA Green Line. The property sits on over 7,400 sq ft of land within Newton’s newly adopted VC2 Village Center zoning district, which encourages higher-density village housing with reduced setbacks, increased lot coverage, and building heights of up to approximately 3.5 stories.This 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 a rare and highly attractive project for builders and developers. While the existing three-family home offers charm, including a spacious first-floor unit with four bedrooms and two baths plus two additional units above, the highest and best use may be redevelopment. The rendering shows four townhomes, however a small elevator building is also a possible and allowed scenario.
- Country:
- US
- State:
- MA
- County:
- Middlesex
- City:
- Newton
- Street:
- Centre Street
- Street Number:
- 1623
- Postal Code:
- 02461
- HOA Fee:
- 0
- Community Features:
- Public Transportation, Shopping, Pool, Bike Path, Golf, Medical Facility, Highway Access, T-station, Tennis Court(s)
- Electric:
- On-Site
- Lot Size:
- 0.17
- Property Type:
- Residential
- Sewer:
- Public Sewer
- Zoning:
- MR2/VC2
- Living Area (sqft):
- 0
Land For Sale
1623 Centre Street, Newton, Massachusetts 02461
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $2,675,000
- Bedrooms :
- 0
- Bathrooms :
- 0
- Year Built :
- 0
- Status :
- Active
