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Stoneham Land for Sale

Why Should You Buy Lots Here?

Stoneham is a small, Middlesex County town. Even though it's a small community, investors can find some commercial properties on the market that are in an accessible and dense area. The land area is 6.2 square miles and is convenient to the North and South Shore coastal communities. The city can be reached by Interstates 93 and 95 and Route 28. Although the town doesn't have an MBTA stop, there is one in the town of Malden. Most of the property available for development is in already existing buildings.

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Land for Sale

Geographic Location

The cities and towns that border Stoneham are:

Boston is easily accessible from this community and is only nine miles away. While the community is a densely populated urban area, there are plenty of lush, green spaces to enjoy the outdoors. Bear Hill, Dike's Pond, Pomeworth Field, and the Stone Zoo are popular recreation areas. Access to the Middle and North Reservoirs, Spot's Pond, and Wright Park are from Middlesex Fells Reservation. Most of the undeveloped land in this town is classified as conservation land. However, it's possible for new listings to come on the market.

What Types of Developments Could you Build?

Most of the property available for development is in existing buildings. Office complexes off Route 93 often have units available for lease. Many of the properties on Montvale Avenue and Main Street are a good place to start your search. Properties consisting of more than 42,000 square feet feature units of between 370 to a few thousand feet of space for each unit. One of the available lots for sale is on Greenview Road and zoned for residential housing. The adjacent property is on the market and would be a great opportunity for an investor.

Homes

Since available land for residential housing is limited in Stoneham, developers can take advantage of the need for more housing and build townhomes or condos that make the most of the space that's available. Prime locations for townhouses are in neighborhoods lined with shade trees that have a quiet atmosphere but are close to amenities including the commuter rail system, Routes 95 and 93, the Fells Reservation, and the Greenway. Among the amenities buyers are looking for are spacious, master suites, walk-in, bedroom closets, finished, walk-out basements, and private backyards with a patio.

Apartment Buildings

Some studios and one-bedroom apartments are renting for between $1,090 and $1,905. However, the average is $1,240 for studios, $1,782 for a one-bedroom, and $1,969 for two bedrooms, which can give you a substantial return on your investment. Renters searching for that perfect apartment community want amenities like chef-style kitchens, fitness centers, balconies or patios, common rooms, and access to dining, entertainment, and shopping. Most people who choose this community like the atmosphere of a smaller town while being close to Boston. One thing for developers to keep in mind, a lot of renters are searching for communities that allow them to have their choice of appliances, flooring, cabinetry, and countertops. Many renters want to live in communities that are pet-friendly and offer dog parks or walking trails.

Commercial Investment Properties

Commercial properties designed to accommodate office units or retail businesses make it easier to find tenants when you're leasing out space. Buildings with massive windows on the ground floor on high-traffic, downtown areas attract an array of businesses looking for prime space. Designated office units, amenities that are shared, and on-site parking in a Downtown location are among the priorities for businesses looking for a prime location. Remodeled buildings in the Downtown area are an excellent investment s office/retail spaces with rents at approximately $3,000. Investment opportunities are available with buildings on Central Street for office or retail space in a Class A building with a two-story lobby and garden-style atrium. The property is ideal for a high tech or software firm, with access to the downtown area just minutes away.

Retail Space

Building complexes, free-standing structures of two or three stories, and historic buildings are what house many of the retail businesses here. Main Street is an excellent location to find retail space in a high-traffic area. Although some of the properties were built as far back as the 1970s, they're well maintained but may need some personal touches from the right investor. Another property on Main Street is ideal for large-scale retailers. A selection of units of varying sizes is available. with adjacent parking, the location is ideal for weekend shoppers.

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Land for Sale