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1 Confidential WayStoneham, MA 02180

Middlesex County

$1List price
0.28Acre lot
3 months agoOn market

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.

Property Information

Property type
Land
Sub-type
Unimproved Land
Lot size
0.28 acres
Zoning
Business
Days on market
113
MLS® Listing#
73545555

Property Features

Lot features
Level
Sewer
Public Sewer
Water source
Public

Financial Details

HOA
None
Annual taxes
$14,000Tax year 2025
Assessed value
$581,000

Directions

Phone/text list agent for site location

Listing Courtesy: Stephen Cefalo Real Estate - 7817895808

Presented by: Stephen Cefalo

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