Floral St Redevelopment

Discover the prime investment potential of the Newton Highlands neighborhood in Newton, MA. Boasting a vibrant and diverse community, this sought-after area offers a mix of upscale residences, a thriving commercial center, and easy access to public transportation. Investors will be drawn to the nearby amenities, including the Newton Highlands retail district, Crystal Lake, and excellent schools. With its convenient location and strong market demand, the area presents an exciting opportunity for a multifamily/mid-rise investment. Experience the appeal of this dynamic location and envision the potential for future growth and success at the Floral St Redevelopment.Uniquely located in Newton Highlands Village at the corner of Floral and Walnut Streets. Steps to shops, restaurants, and the MBTA Green Line. Located within the newly adopted VC3 Village Center Overlay which allows higher-intensity village housing. The two abutting parcels cover 14,376 sq ft. The rare corner location and "By-Right" development opportunity with no special permit requirement is being offered primarily as a development opportunity, with zoning that allows mixed use -multifamily development by right. Respondents will find ample footprint coverage, minimal front/side setbacks, and up to 4.5 story building heights. Buyer to verify all zoning/use, parking, and compliance requirements. An excellent opportunity for investors, or future redevelopment. There are multiple options for value-add development withing the VC3 zoning.