Whether you’re interested in long-term appreciation or ongoing cash flow, you might find yourself searching for commercial property for sale in MA.
The Massachusetts real estate market remains strong, driven in no small part by the major hospitals, universities and employers that call the region home.
From Boston to Lowell, from Waltham to Springfield, there are significant commercial investment opportunities available at any given point in time.
The challenge is uncovering ideal assets, particularly given the stiff competition from other investors – both at home and abroad.
How to Find Commercial Property for Sale in MA
There are several ways to find commercial property for sale in MA—most investors begin their search online.
Many will then contact a broker to investigate opportunities in greater detail.
The key to success, however, is being able to quickly identify your perfect investment—from asset type, to location, to asset size, and much more.
Here, we’ll show you how you can take your search to the next level and find the perfect commercial property in MA, no matter what your specific preferences might be.
- The Reonomy Platform lets you search any U.S. location off-market with sales filters that help you discover assets likely to sell in the near future. After discovering assets within your preferred scope, you can see who the owner is, access their contact information, and reach out directly.
Commercial Property Listings
A starting point for many is to search commercial real estate listings websites.
Some listings are populated to national databases, such as LoopNet, and others are featured on local commercial brokers’ websites.
Here are a few different sources of information when looking for commercial property for sale in MA.
Just as you’d search Zillow or Trulia for residential real estate, you’ll want to search LoopNet for commercial property for sale in MA.
LoopNet is one of the largest online platforms for commercial real estate published on MLS.
Listings include office buildings, retail and shopping centers, health care properties and more.
LoopNet has more than 6.5 million website hits each month, which is an indication of the platform’s popularity.
ABG Commercial Realty
Associated Brokerage Group, otherwise known as ABG Commercial Realty, is a locally-owned and operated commercial real estate brokerage firm that specializes in the sale and leasing of commercial property for sale in MA.
ABG Commercial Realty prides itself on providing “boutique-style” services for its client base.
JLL is a large commercial real estate brokerage and advisory firm that has offices across the globe, including an office in downtown Boston. JLL recently acquired HFF as a way of expanding its capital markets business.
Now combined, JLL has more than 3,700 real estate professionals operating across 47 countries to execute $1.2 billion in real estate transactions every working day.
JLL is a great resource for anyone looking to buy commercial real estate for sale in MA.
Although international in reach, Colliers has a robust Boston team that represents several sellers of commercial real estate for sale in Massachusetts.
For instance, Colliers will routinely feature listings ranging from R&D/flex properties for sale in Cambridge, MA to restaurant buildings and other commercial property for sale in Worcester, MA.
The firm has been around for more than 135 years and has earned a reputation as one of the top resources for commercial real estate listings for sale in MA.
MANSARD is a commercial brokerage shop focused almost exclusively on the MA and NH markets.
Over the past 18 years, MANSARD has brokered the sale of more than 1,000 commercial properties for sale.
SVN Commercial Real Estate Advisors
Founded in 1987, SVN is an international commercial real estate advisory group with two offices in Massachusetts, one in Woburn and another in Framingham.
SVN’s website is easy to navigate and locate commercial property for sale MA.
You can search by asset class – such as office, retail, industrial, medical, self-storage, multifamily and more – and you can search properties both offered for sale and for lease.
Although investors may initially be interested in only properties for sale, the ability to search properties for lease is also beneficial for those interested in learning about current market rents for similar asset types in a particular Massachusetts geography.
Verani Realty is a division of Berkshire Hathaway Home Services, which has offices across the country.
However, Verani is a well known and widely recognized brokerage firm in Massachusetts that helps buyers find both residential and commercial property for sale.
The company’s commercial division has six core services:
- Seller Landlord Services
- Buyer/Tenant Services
- Land Development
- Business Valuation Services
- Corporate Consulting & Advisory Services
R.W. Holmes Realty
R.W. Holmes Realty is an independent brokerage company serving the Greater Boston area.
The brokerage team has a collective 250 years’ experience, most of which is right in the Greater Boston area.
In addition to providing commercial real estate listings on its website, R.W. Holmes also provides quarterly market reports for hyper-specific locations in and around Greater Boston—such as the Office Market within Route 128 or the Industrial Market along Rt. 495 South.
Commercial Property For Sale by Owner Listings
While the MLS database and local brokerage firms are a great resource for finding commercial property for sale in MA, some of the best deals to be had come by searching commercial properties for sale by owner.
These properties, known as “FSBO”, tend to be off-market deals where the owner is ready and willing to negotiate a great price for their FSBO commercial property for sale in MA.
Here are a few ways to find FSBO commercial real estate in MA.
Craigslist is a great tool for those in search of FSBO commercial real estate in Massachusetts.
Although Craigslist is not specifically designed with real estate buyers in mind, the platform does have a subs-section that allows people to list properties for sale.
Start by searching under “housing” for “real estate for sale.”
In order to find commercial property FSBO in Massachusetts, you’ll want to try entering a few keywords into the search bar.
Keywords to test include: investment property, FSBO, commercial property, industrial property, multifamily, cap rate, cash flow and IRR.
These are commonly-used terms and will help you filter through the other real estate for sale on Craigslist’s website.
Buildings By Owner
Buildings By Owner is just that, a website that features commercial property for sale by owner, in Massachusetts and in other markets across the country.
It’s a great resource for finding commercial property for sale in Worcester, Boston, Lowell and other major cities.
Listings tend to have basic but important information, such as the property type and existing tenancies.
Often, listings for commercial property FSBO in MA are not as detailed as the commercial listings presented by brokers.
How to Search Different Platforms (With Examples)
Now, let’s look at a few examples of how you can use popular search tools to discover commercial property for sale in MA.
Boston Commercial Property Search with JLL
JLL is a great way to search for Boston commercial property for sale.
On the homepage, begin by hovering over the search bar in the top, righthand side of the screen.
This will give you a few options to choose from, and you’ll want to select “Invest in real estate” as shown below.
The next step is to select the “Buy” tab, as shown below.
Then you’ll be able to search all of JLL’s commercial real estate listings, including properties listed by HFF prior to JLL’s acquisition of HFF in July 2019.
You can select office properties for sale in MA, retail properties for sale in MA, and other commercial real estate for sale in Massachusetts.
Once you search your preferred asset class (e.g., hotel vs. office) you can then filter results by geographic location.
Lowell Commercial Property Search with MANSARD
MANSARD’s online listing portal makes it really easy to find commercial property for sale in Lowell, MA.
The site is intuitive to use, and as shown below, allows users to filter results to focus on certain criteria like “investment property” or “auctions” – filters that other platforms usually do not include.
The site also features recently sold properties, which provides valuable information for investors in search of area comps.
For instance, the listing below is a recently sold commercial property for sale in Lowell.
The listing highlights prevalent investment criteria, such as the cap rate and the fact that this property is located in an Opportunity Zone, which provides certain tax benefits for the buyer.
Lowell Commercial Property Search with SVN
Searching for commercial property for sale in Lowell MA is easy to do on SVN’s website.
On the homepage, click the “PROPERTIES” tab and then type in the geographic location you’d like to explore.
In this case, we’ve searched for commercial property for sale in MA, which includes listings for Lowell commercial property for sale.
In some cases, SVN features Lowell commercial property that is both for sale and for lease.
This is particularly helpful for user/owner occupants looking to purchase commercial real estate in Lowell, MA.
The orange tabs featured in the screen shot below allow viewers to download both the sales brochure and the lease listing, depending on whether you’re interested in purchasing and/or leasing the space.
Waltham Commercial Property Search with RW Holmes
The R.W. Holmes website makes it easy to search for commercial property for sale in Waltham, MA.
Simply search the “Property Listings” tab at the top of the home page.
From there, you can use the “All Cities” drop down menu to filter the results to only include Waltham commercial property for sale.
The results will be displayed as shown below, and will often include an array of property types – ranging from multifamily property for sale in Waltham to flex space, office and industrial parks for sale in Waltham.
No matter what kind of commercial property you’re looking for in Massachusetts, the tools above can help aid in your search.
And even if just part of an ensemble of tools, you should consider using off-market search tools, to at least learn about the market you’re looking to buy into.