Weymouth Land for Sale

Weymouth was initially a fishing village and farming town. It later became known for its shoe manufacturing. Unlike most New England towns, there are four village centers instead of one central downtown square. It has many recreation areas including Webb Memorial State Park and Pond Meadow Park. Most of this town is already built-up, however there are a few plots remaining and additional plans for growth.

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Land for Sale

It is one of Boston's closer and more densely populated suburbs. It is, therefore, a great place to settle or invest in land. People love living here because of its convenient location, diverse housing options and open space. Investors love this town because of its active markets and high traffic.

Boston City Properties is a top realtor for the Greater Boston Metro area. We have the largest database of listings at our fingertips. Even with very few lots available in this area, we can help you find what you are looking for.

The Neighborhood

This town is the second oldest European settlement in Massachusetts. It is located in Norfolk County and is home to over 55,000 people. The town covers approximately 22 square miles, of which, 21 percent is water. There are roughly 3,150 people per square mile. It is located 17 miles from Boston. Weymouth is one of the South Shore's more affordable areas.

There are four main districts, including North Weymouth, South Weymouth, East Weymouth and Weymouth Landing. Weymouth is bordered by Braintree, Holbrook, Quincy, Abington, Rockland and Hingham. This town also includes several islands that are part of the Boston Harbor Island Recreation Area, including Sheep Island, Slate Island and Grape Island. This town has access to several MBTA bus and train lines as well as Routes 3, 3A, 18, 53, 58 and 139.

Overall the market in this city is strong. However, there is a high percentage of people with negative equity in their homes. As of 2108, the average home value is $383,000, having seen a 6 percent rise in home prices over the last year. The South and Central neighborhoods have a higher median home value than the East and Landing neighborhoods. Hingham is its most expensive neighbor with a median home value of $725,000.

Types of Properties

Even though finding vacant plots might seem easy, it is more complicated than just finding the size you want. Location, use and timing are several key factors to consider before you buy. Vacant lots and acreage have an enormous potential for profit and are now a standard way to diversify an investment portfolio. Having the right partner, like Boston City Properties, to guide you through the process is very important.

Building a home to rent or live in is one of the more common approaches people take. The house can be used as a family home and sold at a later date. Or, the home can be rented long or short term. Multi-family homes are also a good investment. Many choose to rent one floor while living in another or rent out the whole building to different tenants.

Single- and multi-family homes are not the only investment types that can produce positive cash flow. Office buildings, retail shops, community services and other business need rental buildings too. The hospitality sector, like hotels, can be a strategic route to take depending on location. Apartment complexes were more strictly controlled in the Greater Boston Metro area until recently. While many restrictions still apply, the demand for housing in and around Boston is so high that more and more apartment complexes are popping up.

Whether it is a private residence or a commercial lease, there is the potential for short-term and long-term profits. As a homeowner, you are not throwing your money away on rent, and the home will usually appreciate over time. Similarly, for investors, you can see monthly profits plus the additional profit when you sell on the building after some years.

There are many other potential uses of vacant plots including, renting them to farmers, creating a tiny house community or having a community garden. Some plots can even be sold for billboards or to comply with open space planning requirements.

All that being said, using the right realtor is crucial when deciding when and where to buy vacant parcels. Boston City Properties can help you navigate this process. We are open seven days a week and available until 11 pm. We have an extensive online database with hundreds of possible plots. Plus, we update our listings daily.

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Land for Sale