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.
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Last Checked: July 12th, 2026 at 6:53am (Source: MLS PIN #73545555)
General Information for 1 Confidential Way, Stoneham MA 02180
Listing ID73545555
Price1
Land TypeCommercial
Approx AcresApprox. 0.28 acres (12,319 SqFt)
Number of Lots
Road Frontage Type
ZoningBusiness
Electric220 Volts
GasAt Street
WaterPublic
SewerPublic Sewer
PERC Test
Association Required
Association Fee
Lot FeaturesGentle Sloping
Waterfront0
Waterfront Features
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Disclosures for 1 Confidential Way, Stoneham MA 02180
Special Listing Conditions
Financial Information for 1 Confidential Way, Stoneham MA 02180
Association Fee
Tax14000
Tax Year2025
Assessed Value$581,000
Contact Information for 1 Confidential Way, Stoneham MA 02180