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Norwood Land for Sale

Why Invest in a Lot Here?

Norwood is an excellent community for real estate investments; especially if you're in the market or prime parcels of land to develop. A lot of the land in this town has the potential for the development of single-family home subdivisions. The median price for land is $439,900 with a square footage price of $273. The median home price is lower than current Boston prices. Homes with approximately 2,000 feet of space are in the $400,000 - $500,000 price range. Some of the hottest neighborhoods in the community are Brook Farm, East Dedham, Fairmount, Oakdale, and Riverdale. Contact us when you're in the market for land, and we'll guide you through the process of purchasing the property that suits your needs and price range.

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Land for Sale

Geographic Location

More than 30,600 people call this Norfolk County community home. The town is part of the Greater Boston Metro area and is on the Neponset River that runs from Foxborough to Boston Harbor. Cities within 10 miles of the community include:

To the north and west of the city, the terrain is hilly, with a few small lakes and forest to the south of town. Route 1 which extends from West Roxbury to Providence, Rhode Island runs through the community. MBTA commuter rail service is available through the main town line or the Forge Park - I-495 line with stops at Central, Depot, and Windsor Gardens stations.

What Are Some of the Developments You Could Build?

One of the things that's great about this community is the diverse opportunities to develop parcels of land that are in high demand. The location of the city makes it ideal for the development of a variety of properties including new, single-family homes, custom-designed homes, condos, townhouses, subdivisions, and commercial complexes.

Homes

Many new homes and those under construction here are four-bedroom, Colonial-style houses with a massive 2,300 feet of space, and all the amenities buyers want in a luxury home. First level family rooms and second-floor laundry areas are among the features in homes in the $700,000 price range. A lot of buyers are in the market for homes on large lots with HOA restrictions that increase the value of the property.

Apartment Buildings

A lot of the most recent developments consist of renovated townhouses or new, one-bedroom units on one level. The townhomes on two-levels are configured to make the most of the space. Buildings on landscaped or wooded grounds offer a country atmosphere. An excellent suggestion for new developers is to construct townhomes and condos similar to apartment complexes that feature chef-style, stainless steel kitchens, first-floor master suites, a loft, two and a half baths, a patio, and garage. Many new units are constructed within walking distance of town services and amenities. In addition to proximity to Routes 128, 495, I-95, and the Mass Pike, new apartment communities are offering shuttle service to commuter rail stations. The average price of apartments in this community is between $1792 and $2422 in buildings of three or more stories.

Commercial Investment Properties

This community offers excellent opportunities for investors and developers in the market to build a subdivision on more than 4 acres of land with a price of $1,300,000. Lots can potentially accommodate six or seven homes that are close to all town amenities with the potential to sell for $400,000 or more.

One of the best reasons for investing in lots here is that the commute to Boston is only 30 minutes.

Retail Space

One of the biggest advantages of buying retail space to develop in this community is parcels of land available for proposed retail development close to the Route 1 rotary. The area has access to the north and southbound lanes of Route 1 as well a the Downtown area of the city. Site plans are flexible, and signage can be situated to be visible to the more than 40,000 drivers who travel this highway each day. Construction that offers several retail businesses in this location offers a lot of potential for new and established retailers.

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Land for Sale