Yarmouth Land for Sale
With a strong tourist market, this seaside village can be an excellent place to buy land. Starting at the end of the 19th century, Yarmouth transitioned from a whaling and trading town into a summer resort. Cottages and small hotels popped up along Route 28 and eventually grew into the town known today. This proximity to the Route 28 corridor and its strong tourist base make it an ideal investment location.
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Land for Sale
Boston City Properties is one of the leading realtors in the Greater Boston Metro area. We specialize in commercial and residential properties and vacant plots. With the demand for plots rising and available parcels becoming fewer, turning to a major real estate company for help is often the best solution. We have an extensive database of available plots which is updated on a daily basis. We have the tools and resources needed to assist you regardless of your buying needs.
The Neighborhood
Near Cape Cod, Yarmouth is a picturesque town in Barnstable County, Massachusetts. The town is the second oldest town in the Cape Cod area, just after Sandwich. The city has a historic atmosphere, having been a key location during the American Revolutionary War and the War of 1812. It is now known for its beaches, golf courses, waterfront dining and sea captain's homes.
The town covers approximately 28 square miles. However, 14 percent of this is water. It is home to around 25,000 people with a population density of almost 1,000 inhabitants per square mile. The town is dotted with ponds and creeks. It is nestled between Cape Cod Bay, the Nantucket Sound, Barnstable and Dennis. It is located 75 miles southeast of Boston.
This town contains three villages: Yarmouth Port, South Yarmouth and West Yarmouth. Yarmouth Port is the most expensive area of the three main villages. Median home prices come in at $345,000 versus $262,500 in West Yarmouth and $271,000 in South Yarmouth. The average home price is slightly lower than in Barnstable, where the median home price is $345,700. It is somewhat higher than bordering town Dennis's $326,000 median home value.
The Building Options
This bustling, tourist town would be an ideal location for investors. Although the bulk of tourism happens in the summer, there is a steady stream of additional visitors all year long. This increase in visitors makes this town perfect for rentals, leases or to sell outright. The community also provides a lot of support for local businesses. This additional support would be especially helpful if you want to buy a vacant plot to start your own business.
The area has roughly 30 percent of its building used only for peak seasonal tourism. This fact, combined with the town's strong repeat business, could spell significant opportunities for investors. There are endless commercial options with vacant lots. The town's proximity to the rest of Cape Cod and Hyannis also increase the favorable investment potential.
To accommodate the increasing draw this town possesses, investors could build short-term rental facilites. Other multi-family homes could be rented year-round or during peak traffic times. The rental rates during the summer months often jump up dramatically offsetting the slower months.
Retail space is highly sought after to provide locals and tourist with shopping, dining, pet services and many other popular attractions. Buying vacant lots to build small shopping complexes in key areas could show investors huge profits. Maintaining the idyllic look and feel of this coastal town is essential to the community. Therefore, be sure to investigate and follow the bylaws put in place by the area.
Many people want to move to this area to partake in the fishing-village lifestyle. Buying a vacant plot and building a home could be a marvelous way to make that dream a reality. This area could also be a suitable place to live in part-time and rent out the remainder of the year. Some locations even have the potential for combined functions. This advantage could mean living quarters and office or retail space in the same building.
At Boston City Properties, our goal is to provide investors and individuals with everything they need to purchase land in and around the Greater Boston Metro area. Check out our online resources and listings, or call us to speak with our capable staff members.
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Land for Sale