Find Land for Sale in Somerville, MA, with Boston City Properties
Are you looking to buy a vacant lot or parcel in Somerville, MA? You’re not the only one. Rapidly emerging as one of the newest life science hotspots in Greater Boston, this Middlesex County city has one of the fastest-growing real estate markets in the region. Whether you plan to buy a property and sell it later or want to develop multifamily housing, retail, lab space or other types of commercial real estate, do yourself a favor and connect with the experts at Boston City Properties. With our help, you’ll find something that aligns perfectly with your investment and development goals.
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Land for Sale
Team Up with BCP for Smoother Sailing
Given the highly competitive nature of Somerville real estate, it’s essential to have access to timely, accurate resources when searching for properties for sale within its borders. By connecting with BCP, a Boston commercial real estate authority, you can access the information and guidance you need to navigate local real estate submarkets like a pro. We maintain one of the largest online databases of searchable Boston real estate listings around, and we’ll give you immediate, free access when you sign up via our website. We regularly have off-market opportunities for parcels and lots for sale in the area, and we can also refer you to local real estate brokers and agents whose guidance is sure to make a big difference.
Somerville Basics
Situated directly northwest of Boston, forming a border with its Charlestown neighborhood, this Middlesex County city had a population of around 81,000 at the time of the 2020 U.S. Census. Encompassing an area of around 4 square miles, it’s one of the most densely populated communities in the Northeast. Home to Tufts University, the city has recently established itself as a life science development cluster, drawing in biotech startups and firms edged out of Kendall Square in neighboring Cambridge.
Neighborhoods and Districts
Due to the unique topography of the city, which has several distinct hills, it doesn’t have a downtown central business district. Instead, it’s made up of several commercial and residential corridors – primarily squares. Davis Square is the closest thing it has to a downtown area, and it’s also where you’ll find the priciest residential real estate. Located partly in Medford, Ball Square is primarily residential in makeup. Union Square is the commercial heart of an otherwise mostly residential neighborhood, and it’s also home to the underway USQ transit-oriented development. Totaling 2.4 million square feet, it will include 1.2 million square feet of lab and innovation space, 140,000 square feet of restaurant and retail space and 1,000 new housing units.
Commercial Real Estate
Thanks to its proximity to both Boston and Cambridge, this large, densely populated city has numerous well-developed areas of commercial activity. In recent years, many former office buildings have been converted for life science use, and the new Boynton Yards innovation campus includes three Class A lab/office buildings and more than 300 apartments. Another newer commercial development, Assembly Square, features large-scale retail and direct highway access. Other commercial areas in the city include Gilman Square and Magoun Square, a mixed-use urban business district. The city’s Inner Belt District is dominated by industrial development.
Things to Consider When Buying Land in Somerville
When looking for developable parcels for sale in this thriving Greater Boston community, connect with Boston City Properties from the get-go for a much easier time. Along the way, keep these points in mind:
- Come up with a clear plan for the property you acquire. Unless you’re going to hold and flip, have a definite idea for what you’d like to see developed on the property.
- Study historical trends for any parcel you consider and any adjacent ones. How likely is it that your idea will pan out and make money?
- Investigate local submarkets to identify the best parts of the city for your development plans. We can refer you to a local agent or broker whose insights will help considerably in this regard.
- Watch out for zoning and permitting restrictions. The last thing you need is to acquire a lot that can’t be developed the way you want because of these issues.
- Perform exhaustive due diligence for any property you consider buying. Again, a local agent or broker can help a lot in this area, including assisting with property record searches and property inspections.
How Boston City Properties Can Help
There’s no question about it: Buying real estate in this city is a huge endeavor, and that’s truer than ever as demand for space skyrockets within its borders. Luckily, you have a good partner by your side with Boston City Properties. Here are a few ways we can help:
- Real Estate Agents and Brokers – We have connections with many experienced and skilled real estate brokers and agents throughout Somerville, and we can refer you to one specializing in your area of interest whenever you’re ready.
- Local Insights – BCP and our network of real estate professionals know this city and its real estate submarkets like the back of our hands. Our insights into things like zoning and recent development news can make a big difference during your search.
- Real Estate Listings – You can sign up via our website now for instant, unlimited access to our searchable online real estate listings. Our search tool lets you zero in on options that meet your requirements in no time. We can also show you off-market listings; just contact us to inquire about them.
Contact BCP Now for Help with Your Search
Finding vacant land for sale in a fiercely competitive market like Somerville’s is easier said than done, so do yourself a favor and connect with the experts at Boston City Properties as soon as possible. With access to our continuously updated listings, you can check current availability in a heartbeat. You can also call us for referrals to local agents and brokers who specialize in everything from multifamily housing to property investing. Our team also has exciting off-market opportunities for properties in this city, so contact us today for more information.
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Land for Sale