$2,675,000

Pending

Est. Mortgage $12,830/mo *

Quick Pre-Approval

1623 Centre Street, Newton, (Newton Highlands), MA, 02461

1623 Centre Street, Newton, (Newton Highlands), MA, 02461

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.


Status:

Pending

Town:

Newton

Type:

Lot / Acreage

Zoning:

MR2/VC2

Acreage:

0.17

Est. Taxes:

$10,867

Assessment

$1,108,800

Lot Description:

Level

Amenities:

Public Transportation, Shopping, Pool, Tennis Court(s), Golf, Medical Facility, Bike Path, Highway Access, T-Station

MLS #:

73492831


Community Info

School Info

Walk Score

Mass Transit

Yelp


Listing courtesy of Ward Shifman, Coldwell Banker Realty - Newton 617-969-2447