Allston Land for Sale
There are lots of good reasons to invest in land for sale in Allston these days. However, acquiring the type of land parcel that suits your building and investment requirements is tricky. For help navigating Boston's white-hot commercial real estate market, do yourself a favor and connect with Boston City Properties. Whether you want to build a new single-family home on a vacant lot or are looking for land that is rife with development opportunities, our team has the resources and insider know-how to ensure the smoothest time possible.
Land in Allston – So Many Possibilities
Many changes are underway in Allston, and savvy investors stand to make out big-time by purchasing vacant land today. Along with Brighton and the LMA, the neighborhood has 22 office buildings offering around 1.9 million square feet of space; there are also eight lab buildings totaling 2.7 million square feet. Vacancy rates for lab space, in particular, are exceedingly low, and many of the new developments that are currently underway are largely preleased. These include the Landmark Center complex's redevelopment into a life science hub and the ongoing construction of the $1 billion Fenway Center, which will add 700,000 square feet of office and lab space to the area.
Even with so much new lab and office space in the pipeline, demand for life science space has soared even higher in the wake of the COVID-19 pandemic. Life science hotspots like East Cambridge and the Seaport are at or near current capacity, so tenants are searching further afield. With its proximity to the LMA and other life science hubs, Allston is poised to see lots of significant new developments in the near future. By acquiring the right land now, you could market it for sale for development into multifamily housing, a hotel, a lab/office building or any number of other uses.
Avoid Pitfalls when Investing in Allston Land
Just because vacant land has no existing improvements doesn't mean it's simple to buy. In fact, in a place like Boston, it's imperative to do your due diligence before proceeding. Boston City Properties can connect you with a local agent who can help you identify land with the zoning, easements and other features that your investment needs demand. They can work with you to ensure that the parcel in question will bring you the top dollar for your investment.
Off-Market Land Listings in Allston
If it seems like there aren't usually many listings for land for sale in Allston, it's probably because most transactions go down before anything is listed on the MLS. Experienced brokers become aware of land that is poised to hit the market, and they reach out to investors and others who may be interested. Boston City Properties can bring you off-market listings for land for sale in Allston, giving you a crucial edge over the competition. These are listings that are not made available to the general public, and we can provide you with access whenever you're ready.
Find Land in Allston with Boston City Properties
Allston is on the brink of becoming Boston's next big life science hotspot. Developers are already eagerly looking for land for sale in the neighborhood, so now is the time to act. Virtually any given parcel will be rife with prime development opportunities, including multifamily residential, laboratory space, office space and retail space. By connecting with Boston City Properties, you can find land in Allston that suits your requirements – and we can help you get the most out of the transaction, so give us a call today.