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$ 2,675,000
Est. payment /mo
Active
1623 Centre Street Newton, MA 02461
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73492831
HOA Y/N false
Annual Tax Amount $10,867
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Residential
Property Description
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.
Location
State MA
County Middlesex
Area Newton Highlands
Zoning MR2/VC2
Direction Prime desirable location near the corner of Centre & Walnut, steps to the MBTA Green Line & shops
Exterior
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Golf, Medical Facility, Bike Path, Highway Access, T-Station
Waterfront Description Lake/Pond,1/10 to 3/10 To Beach,Beach Ownership(Public)
Building
Lot Description Level
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Coldwell Banker Realty - Newton
NEARBY SCHOOL & BUSINESS