Locate Land for Sale in the Longwood Medical Area with Boston City Properties
Are you looking to buy real estate in Boston’s Longwood Medical Area for development or investment purposes? If you want to acquire a parcel for development or redevelopment in or near this vibrant medical campus, Boston City Properties is here to help. With its high concentration of medical schools, hospitals and other prestigious institutions, the LMA is a prime area of interest for developers and investors alike. Competition is fierce for the best parcels, so it pays to connect with the right resources. BCP can help enormously in that regard by providing you with up-to-the-second real estate listings, off-market opportunities, LMA real estate brokers and agents and much more.
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Team Up with BCP When Looking for Developable Parcels in the LMA
Longwood’s commercial and residential real estate submarkets are among the fastest-paced and most competitive in Greater Boston. Especially in the wake of the pandemic and the ensuing surge of funding for medical research, the community has become a hotspot for development projects of all kinds. Since you’ll be competing with many major players for real estate in the LMA, make sure to connect with the experts at BCP from square one. That way, you’ll have the resources, guidance and assistance you need to meet and exceed even your most ambitious goals.
Area Basics
The LMA goes by many names, including Longwood Medical Area, Longwood Medical and Academic Area and simply Longwood. Name aside, the LMA is a medical campus with a prime location adjacent to Audubon Circle, Fenway-Kenmore, Brookline and Mission Hill. Situated about three miles from downtown Boston, the LMA has a population of just under 6,000, and thousands more people stream through the community every day. Many medical centers associated with Harvard University operate out of the LMA, including the Dana Farber Cancer Institute, Beth Israel Deaconess Medical Center, Boston Children’s Hospital and Brigham and Women’s Hospital.
Neighborhoods and Districts
The LMA itself is a medical campus that doesn’t have distinctive neighborhoods or subdivisions. However, it’s adjacent to many enclaves, including Brookline Village. Located in neighboring Brookline, Brookline Village features large Victorian homes and stretches of shops and restaurants. Also located in Brookline, Coolidge Corner is a residential and commercial area popular with students, faculty and medical professionals who operate in Longwood. The LMA is also close to Mission Hill, which offers a variety of housing options and plenty of shops and other services.
Commercial Real Estate in the Neighborhood
With one of the highest concentrations of jobs in Greater Boston, the LMA has a substantial population of consumers to support local businesses. At last count, more than 68,000 jobs were tied directly to Longwood. Not surprisingly, lab conversions have been a major thing in the LMA over the last several years. Brand-new lab, office and life science developments are often underway too. Longwood Place, a 1.75 million square foot mixed-use development featuring residential, office, lab, retail, restaurant and community space, is just one recent example. One of the area’s most popular retail corridors is Mission Hill’s Brigham Circle neighborhood.
Considerations to Make When Investing in Real Estate in the Area
If you’re in the market for vacant land in the LMA, you’re in for an uphill battle. Most parcels in the area have been developed and redeveloped countless times, and competition for the best ones is downright cutthroat. With that in mind, be sure to connect with BCP as soon as possible. For now, keep these points in mind as you research various opportunities in the LMA:
- Have clear plans for the property you acquire. It helps to know from the outset what you want to do with the parcel you buy. Whether you want to hold and flip or develop something like a hotel or multifamily housing, BCP can help.
- Study up about local submarkets. Since the LMA is compact, its real estate markets are deceptively simple. In reality, what works in one part of the neighborhood could flounder in another, so it’s crucial to know the right location for whatever project you have in mind.
- Look out for permitting restrictions. Like most parts of Boston, many parcels in the LMA are subject to strict zoning and permitting restrictions.
- Investigate the history of any parcel you consider. Find out what else has been developed there and nearby in the past and how it fared. How likely is it that your idea will succeed at the site?
- Perform careful due diligence. Don’t buy a property in Longwood without investigating property records or having an inspection performed.
How Boston City Properties Can Help
If you’re ready to find the perfect parcel for development or redevelopment in Longwood Medical Area, BCP is here to help in the following ways and more:
- Insider Knowledge – Our team and our network of real estate professionals understand the LMA and its real estate markets like the back of our hands. These insights could be the difference between success and failure.
- Real Estate Listings – You can sign up this second for free, instant access to our searchable online real estate listings. Use our powerful search tool to pinpoint properties that meet your requirements in a flash. We can also show you off-market listings to expand your available options.
- Brokers and Agents – BCP has relationships with experienced and talented real estate agents and brokers across the LMA. When you’re ready, we’ll refer you to someone whose guidance is sure to make a significant difference for you.
Call Today to Find Land
Don’t go it alone when seeking properties for development or redevelopment in Boston’s Longwood Medical Area. Boston City Properties has the resources, information and connections you need to hit the ground running with your search. You can check current availability quickly via our convenient online listings. Our team can also refer you to experienced, savvy LMA real estate agents and brokers who can assist you further, and we often have off-market opportunities too. Contact us today for more information.
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