Purchase Land in Waltham, MA, with Boston City Properties
Do you want to invest in real estate in Waltham, MA, for investment or development purposes? If so, you're getting in at an excellent time. In recent years, this Middlesex County city has seen a boom in life science development, as life science clusters in Kendall Square and other parts of Greater Boston reach saturation. As new biotech firms set up shop in the city, demand for residential real estate and services continues to grow, presenting many opportunities for savvy investors and developers. With competition fierce for the best parcels, it's vital to have the right resources for your search. Boston City Properties is here to help.
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Partner with BCP to Find Suitable Properties for Sale
When seeking parcels for development or redevelopment in this rapidly growing city, don't go it alone. Boston City Properties, a Boston commercial real estate leader, can help make your search easier and more productive in many ways. For example, we maintain one of the most comprehensive online databases of searchable Greater Boston real estate listings. Sign up for instant access to them via our website right away. Our team often has access to off-market opportunities in the area, and you can contact us to inquire about them. When you're ready, we can also refer you to a local broker or agent whose insider knowledge is sure to make a massive difference for you.
Waltham Basics
Located 11 miles northwest of downtown Boston and just 3 miles southwest of Brighton, this Middlesex County city had a population of around 65,000 at the time of the 2020 U.S. Census. The city shares borders with several communities, including Weston, Belmont, Lincoln and Lexington. It is also bordered by a few other emerging life science hubs, Watertown and Newton. MBTA buses service much of the area, and you can also access the MBTA commuter rail on the Fitchburg-Boston line within its borders.
Neighborhoods and Districts
Stretching over more than 13 square miles, this city has several distinct neighborhoods and districts. Most of these areas consist of residential housing stock, including single-family homes, townhouses and condo and apartment buildings. Some of the city's neighborhoods include Angleside, Cedarwood, The Highlands, Kendall Park, the North Side, the West End and Rock Alley. Additionally, the city has a large student population due to the presence of Brandeis University and Bentley University.
Commercial Real Estate
Lately, commercial real estate development has been exploding across Waltham, spurred on by sky-high demand for lab and R&D space. The city is part of the 128 West submarket, which includes nearly 80 lab properties offering nearly 10 million square feet of space. In the last quarter of 2021, asking rents for lab space in the area hit record numbers. Waltham Common is the commercial heart of the city, and Moody Street is one of its main commercial thoroughfares. In January 2022, Governor Barker signed legislation to boost multifamily housing development in areas with MBTA service. Waltham is one of them. Essentially, the new law allows for such developments by right, which means that special permits are not required. Therefore, demand for parcels for multifamily housing development has been skyrocketing.
Factors to Consider When Buying Land in Waltham
If you're in the market to purchase a vacant parcel for development, redevelopment or investment purposes in this Middlesex County city, connect with BCP early on for smoother sailing. Along the way, keep these factors in mind to avoid hiccups:
- Write up a clear plan for the parcel you wish to acquire. Will you hold the property and flip it later, or do you want to develop multifamily housing or lab space?
- Research the city's real estate submarkets to pinpoint the best areas for your development and investment goals. We can refer you to local agents and brokers who can quickly clue you into the best sections of the city for your objectives.
- Watch out for permitting and zoning issues, which can get in the way of your investment or development plans. Our insider knowledge of the city gives you a significant leg up on the competition in this regard.
- Study historical trends for any lot you consider purchasing. If anything else has been developed there, how did it perform? What about developments on adjacent properties?
- Perform exhaustive due diligence before buying real estate in this city. Enlist the help of real estate agents and attorneys to scour property records, and have inspections performed.
How BCP Can Help
With so much buzz happening about life science development in this city, you're sure to face a lot of competition for the best parcels when they hit the market. Do yourself a favor and connect with BCP. Here are a few of the many ways we can assist you:
- Real Estate Listings – Sign up for access to our online listings right away to kick-start your search. Use our search tool to pinpoint properties that meet your requirements. You can also contact us to inquire about off-market listings across the city.
- Brokers and Agents – BCP is pleased to have connections with many skilled and experienced Waltham agents and brokers. Contact us for a referral to one who specializes in your area of interest, whether it's lab conversions, purpose-built lab development or multifamily housing.
- Insider Information – Along with our brokers and agents, we know this city and its real estate market exceptionally well. Our insights into zoning regulations, various submarkets and other aspects of local real estate are sure to help enormously.
Contact Us Today to Kick-Start Your Search
Don't sell yourself short when seeking land for sale in Waltham, MA. Connect with Boston City Properties as soon as possible to find suitable options quickly. You can sign up now through our website to start searching our continuously updated listings right away. We often have off-market listings for properties in the area, and we'll share them with you whenever you'd like. You can also contact us for referrals to local agents and brokers when you're ready. Give us a call today for more information.
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