Discover the possibilities of this expansive 0.53-acre lot with frontage on two streets in a desirable Melrose location. Surrounded by mature trees, the property offers a private, park-like setting with exciting potential for redevelopment or the creation of a beautiful residential retreat. A survey has been completed, and conceptual plans have been prepared for a potential two-lot subdivision. An existing mid-19th-century home is situated on the property, offering the opportunity to restore, renovate, or explore alternative development options. Buyer to conduct their own due diligence and verify subdivision feasibility, zoning requirements, and all necessary approvals. Conveniently located near public transportation, major highways, the Middlesex Fells Reservation, and downtown Melrose. A unique opportunity offering space, flexibility, and potential in an established residential neighborhood! This property is also listed as a Single Family MLS#73590422.