283 Melrose Street Newton, MA ^$ 16,500,000

283 Melrose Street

^$ 16,500,000

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283 Melrose Street

Newton, MA, 02466

^$ 16,500,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 101,593

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Commercial Property for sale in Newton, MA

for $16,500,000. This building was built in 2022 on a lot size of 1.01.

Set in the heart of Auburndale Village, 283 Melrose Ave offers approximately 43,783 ± sq ft of VC2-zoned land steps to village shops and a short distance to the Commuter Rail. The newly created VC2 district is designed to encourage housing and mixed-use density in Newton’s village centers - making this one of the rare, well-located sites positioned to capitalize on that vision. The property presents multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 3.5 stories with tight setbacks. With two existing condemned structures on site, the offering is being marketed as land for redevelopment. This is a unique opportunity to deliver much-needed residential or mixed-use product in a walkable, transit-served location - an ideal canvas for modern village-center living. More details are available.

Commercial Active

Price

^$ 16,500,000

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

1.01

Year Built

2022

Town/City

Newton

County/Region

Middlesex

MLS | Web ID

73455948

List By

Ward Shifman

Listing Agent

Coldwell Banker Realty - Newton

Broker

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$101,593

Per Month

Monthly Principal & Interest: $101,593
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Commerical listings in Newton, MA

Average List Price ^$4,017,358

Percent of Sale Price 76%

About Newton, MA

86,108 Population

3% Since 2002

^$130,037 Median Income

41.32 Median Age

34% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
11/18/2025	$16,500,000		Listed Price

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283 Melrose Street, Newton, MA, 02466 is a Commercial Property for sale at $16,500,000 with a lot size of 1.01. 283 Melrose Street was built in 2022. The property's zip code is 02466 which is in Newton, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 1/30/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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283 Melrose Street

Commercial Property for sale in Newton, MA

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