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34269093

1 Confidential Way, Stoneham, MA 02180

SC
MA MA 9518853
Stephen Cefalo Real Estate
Listed by Stephen Cefalo Real Estate
$1
7 days on market
Updated 7 days ago

DEVELOPMENT OPPORTUNITY FOR EITHER APARTMENTS OR TOWNHOUSES

Details
Property Type Land
Sub Type Residential
Lot Size (SqFt) 12,319
Zoning Business

About This Property

Marketing description

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.

Investment highlights

Residential Development opportunity

Listing Contacts

SC
MA MA 9518853
Stephen Cefalo Real Estate
Listed by Stephen Cefalo Real Estate

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Map

Zoning

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R-B ResidentialSingle FamilyResidence B
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Last updated Mar 2, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Steve Cefalo
License
MA 9518853
Brokerage
Stephen Cefalo Real Estate LLC
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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