This website is linked to the largest real estate database in Massachusetts. There are typically around 30+ listings for land for sale in the city of Boston, as well as over 200 listings in the surrounding suburbs. This database also allows to search land in all of Massachusetts and there are typically around 4000+ listings for land for sale. The listings are updated daily!
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Land For Sale
Boston Land for Sale
When it comes to real estate investing, most people focus exclusively on existing homes and buildings. Land can be a great investment too, though, and that's especially true in Boston. If you're looking for Boston land for sale, Boston City Properties has you covered.
Is There Really Vacant Land in Boston?
First things first: You're probably wondering how you'll ever get your hands on vacant land in Boston, right? After all, it seems like every last square inch of land has been developed. Contrary to what you might think, though, there's a surprising amount of empty space for sale in Boston at any given time. There may not be a ton to choose from, but that's actually a good thing from the standpoint of investing. After all, scarcity helps to drive up prices. By purchasing land in Boston now, you should be able to turn around and sell it for a tidy profit before too long.
Benefits of Investing in Land in Boston
At Boston City Properties, we help real estate investors locate lucrative properties all over the city. We're also huge proponents of investing in vacant land in Boston, and we've helped numerous clients do so through the years. Invariably, they report back to us that they made out quite nicely on their land investments, so we seem to be doing something right!
If you're not sold on the idea of investing in land in Boston, you probably just don't realize how profitable it can be. A few reasons why it pays to invest in Boston land for sale include:
- Scarcity - You don't have to be familiar with every last inch of Boston to know that there's no a lot of vacant space. From Allston to West Roxbury, the vast majority of land in the city has been developed - and, in many cases, redeveloped countless times - through the years. Despite that, you can typically take your pick from a decent selection of empty parcels throughout the city, and Boston City Properties knows where they are. Although finding the right empty land in Boston can take some time, it pays off in the long run. Nothing drives up prices like scarcity, so once you have your hands on a great piece of land in Boston, you can feel confident about the return you'll enjoy in the future.
- Rising Property Values - Boston real estate is a great investment in general due to the fact that property values generally trend upward over time. That's particularly true when it comes to Boston land, which tends to be much scarcer than land outside the city limits. What this means for you as an investor is that you can buy land now, bide your time and sell it in the near future for a nice profit. Boston City Properties can help you identify parcels of land in the city that should deliver the best return on your investment, so you don't have to go it alone.
- Demand - Let's face it: If you're going to live in Boston, wouldn't you prefer to live in the city itself? That's the case for many folks, so demand for properties and land in Boston is consistently high. Incredibly, demand for land in Boston exceeds demand for existing homes and buildings. The main reason is land in Boston isn't just appealing to prospective home buyers who want to build custom homes on the land; it's also appealing to property developers and other professionals. Don't forget about other real estate investors too. They're always looking for land that's in the city limits. With so many prospective buyers and such high demand, there's no doubt about it: Boston land for sale is a hot commodity, and it's a great option for any investor to consider.
Tips for Buying Land in Boston
Without a doubt, the best tip we can give you when it comes to buying land in Boston is to connect with the right real estate company. By working with Boston City Properties, you'll have access to all of the best Boston land for sale. We will take your criteria into consideration to ensure that you're only presented with properties that suit your needs. Because we are well-versed in Boston land investments, we can guide you through the process of finding the best vacant properties in the city.
As you explore the available options for land for sale in Boston, be sure to keep these things in mind:
- Zoning Requirements - Never take a seller's word for it that a house can be built on a particular parcel of land. Unfortunately, some sellers are unscrupulous and will say anything to make a sale. Also, sellers are sometimes misinformed about the current zoning of the land they're trying to sell. If you're buying land as an investment, your best bet is to buy land on which homes can be built. Even if the land is zoned residential, dig a little more deeply. It could be zoned for individual homes, or it could be zones for condos or even an entire subdivision.
- Easements - You want to present prospective buyers in the future with land that can be developed as quickly as possible. That's the best way to fetch top dollar. With that in mind, make sure there's an easement for the land you're buying. Without one, developing it is going to be a lot more difficult. Savvy buyers will know to check, so this isn't something you want to be surprised by later.
- Utilities - While odds are that just about any vacant land in Boston is going to have easy access to utilities, never assume so. Again, people who eventually look at the land will most likely be planning to build on it. Nothing will scare them away faster than learning that the land isn't accessible to sewers, electricity and other utilities. The buyer would have to pay even more to make that happen and will likely reduce the amount of their offer. Avoid these headaches by ensuring that utilities are readily available for the land you plan to buy.
- Building Setbacks - Here's something many people don't know: In many jurisdictions, there are strict rules about how far a building must be set back away from the road. In the case of empty land that is going to be improved with a single-family home, required building setbacks can pose significant problems. That's doubly true when it comes to land that is zoned as commercial. Boston City Properties understands this issue and can help you find land for sale in Boston that doesn't face these limitations.
- Building Moratoriums - Although it's rare, jurisdictions sometimes impose building moratoriums on certain parcels of land. This is most often done in areas that have experienced rapid development. The goal is usually to avoid a glut of properties on the market, which could drive down values. Obviously, this isn't much of a concern in Boston, so the odds of running across vacant land in the city that's restricted in this way are pretty slim.
- Topography - Sometimes, the topography of a parcel of vacant land is such that it's nearly impossible to building anything on it. Nothing is worse than buying land as an investment and learning that it's virtually worthless, so make sue to take this into account before taking the plunge.
- Natural Hazards - In some instances, it may be necessary to obtain a natural hazards disclosure before buying Boston land. This is the easiest way to make sure that the land isn't restricted due to natural hazards. For instance, is there a fire hazard that could make it risky to build on the land? Is the land designated as a protected habitat? Also, make sure the land isn't in a flood zone. Check the FEMA website to find out.
Inspections and More
Buying Boston land for sale is easy when you have the right experts on your side, but like any savvy investor, you're going to want to cover all your bases before signing on the dotted line. Just because the land is unimproved doesn't mean it shouldn't be inspected. An inspection could reveal a sinkhole or other hazard that could cause major problems later, so have one performed before sitting down at the closing table.
Finally, consider the costs you may incur to prepare the land for resale. Ideally, it will be pretty much ready to go as-is. If not, what kinds of work will need to be done to make it attractive to buyers? Given Boston's great real estate market and the high demand for vacant land, you shouldn't have to do much.
Work with the Experts
At Boston City Properties, our goal is to arm property investors with the advice, tools and resources they need to make the most of their Boston land investment ventures. Don't settle for less; contact us today to learn more about Boston land for sale.