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0 Main Street - Development Opportunity 0.28 Acres of Commercial Land Offered at $1.42 CAD in Stoneham, MA 02180
Investment Highlights
- Concept 2 proposes eight townhouse residences, each featuring two bedrooms, 2.5 baths, an attached two- car garage, and private outdoor garden space.
Executive Summary
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.
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 Facts
| Price | $1.42 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Build to Suit | Total Lot Size | 0.28 AC |
| No. Lots | 1 |
| Price | $1.42 CAD |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.28 AC |
1 Lot Available
Lot
| Price | $1 CAD | Lot Size | 0.28 AC |
| Price Per AC | $5.01 CAD |
| Price | $1 CAD |
| Price Per AC | $5.01 CAD |
| Lot Size | 0.28 AC |
Rare investment opportunity to develop up to 18 apartments or 8 townhomes, offering significant residential development potential. Strategically located land parcel ideal for multifamily or townhouse development, with potential for up to 18 apartment
Description
the lot is in the downtown area , close to public transportation ,
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
1 of 2
Videos
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Photos
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Presented by
Stephen Cefalo Real Estate
0 Main Street - Development Opportunity
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