Somerville, Massachusetts, offers a unique opportunity for investors to capitalize on the city's growing demand for commercial space. With 1 warehouses for sale, Somerville presents a prime location for businesses looking to establish a presence in the Boston metropolitan area. Warehouses in Somerville can serve as a hub for logistics, manufacturing, and distribution, providing easy access to major transportation routes and a skilled workforce. The city's proximity to Tufts University and its reputation for innovation make it an attractive location for companies in the tech and biotech industries. Somerville's well-developed transportation system, including the MBTA subway and bus lines, ensures that employees and customers can easily access the city. Additionally, the city's efficient emergency services and waste management systems provide a safe and healthy environment for businesses to operate.
Somerville's warehouses offer a range of amenities, including proximity to major highways, such as McGrath Highway and Interstate 93, and access to the Somerville Community Path, a tree-lined rail trail that connects the city to Cambridge. The average price per square foot for warehouses in Somerville is $392 USD, with an average size of 8,283 square feet. The largest warehouse available is 8,283 square feet. In addition to warehouses, Somerville also offers a range of other commercial properties, including industrial properties, land, residential income homes, and commercial real estate. Industrial properties in Somerville are ideal for manufacturing and production, with access to the city's skilled workforce and transportation infrastructure. Land in Somerville is scarce, making it a valuable commodity for developers and investors. Residential income homes in Somerville offer a unique opportunity for investors to capitalize on the city's growing demand for housing. Commercial real estate in Somerville, including office buildings and retail spaces, provides a range of options for businesses looking to establish a presence in the city. Overall, Somerville presents a unique opportunity for investors to capitalize on the city's growing demand for commercial space.
What are the key features investors look for in warehouses in Somerville?
When it comes to investing in warehouses in Somerville, key features to look for include:
- Proximity to major transportation hubs, such as the MBTA subway stations and highways, to facilitate easy access and logistics.
- Availability of amenities and services, including waste management and emergency services, to support business operations.
- Access to a skilled workforce, with nearby institutions like Tufts University providing a talent pool for businesses to draw from.
What size warehouses are available to buy in Somerville?
Warehouses for sale in Somerville range in size from 8,283 square feet to 8,283 square feet, with an average size of 8,283 square feet, offering a variety of options for businesses and investors looking to purchase a warehouse in the area.
How much does it cost to buy a warehouse in Somerville?
The cost of buying a warehouse in Somerville can vary depending on factors such as size and location, but currently, the average price per square foot is $392 USD for an average size of 8,283 square feet, with the largest available space being 8,283 square feet, and an average cap rate of.
