Whether you’re interested in long-term capital gains or steady cash flow, you might find yourself searching for commercial property for sale in Massachusetts.
The MA real estate market remains strong, driven in no small part by the major hospitals, universities, and private employers that call the region home. From Boston to Lowell, and from Waltham to Springfield, there are numerous commercial investment opportunities available at any given point in time.
The challenge, however, is uncovering the ideal asset, especially given the stiff competition from other buyers interested in the area.
How to Find Commercial Property for Sale in MA
There are several ways to find commercial property for sale in MA, but most investors begin their search online. Many will then contact a broker to investigate a shortlist of opportunities in greater detail.
The key to success, however, is being able to quickly identify the perfect investment, matching your exact requirements for asset type, location, size, and more.
In this article, we’ll show you how to take your search skills to the next level and find the ideal commercial property in MA, no matter your preferences.
- The Reonomy Platform lets you search any U.S. location off-market with sales filters that can help you identify assets likely to sell in the near future. After discovering the properties within your preferred scope, you can see who the owner is, access their contact information, and reach out directly.
Commercial Property Listings
One popular starting point would be to search commercial real estate listings websites.
Most for sale properties are listed on national platforms such as LoopNet. Nevertheless, you can find a number of unique listings on local commercial brokers’ websites.
Here are several of the top platforms to check out when looking for commercial property for sale in MA.
LoopNet is one of the largest online listing services offering commercial real estate for sale and lease. The platform and its sister websites feature a combined 1.1 million properties, which is an indication of their popularity in the industry.
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. The platform’s listings include office buildings, retail and shopping centers, industrial facilities, health care properties, and more.
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 properties in MA.
ABG Commercial Realty prides itself on providing “boutique-style” services for its clients.
JLL is a large commercial real estate brokerage and advisory firm that has locations around the globe, including an office in downtown Boston.
In 2019, JLL acquired HFF, an advisory firm, as a way of expanding its capital markets business. The company now has a combined team of more than 3,700 real estate professionals in 47 countries, executing $1.2 billion in real estate transactions daily.
JLL could be a great resource for investors looking to buy commercial real estate in MA. The company’s website features a handy search tool that interested individuals can use to look for specific investment properties.
Another global real estate firm with local presence, Colliers has a robust Boston team that represents numerous commercial property sellers in Massachusetts.
Colliers’ website routinely features a wide variety of for sale listings ranging from R&D/flex properties in Cambridge to restaurant buildings in Worcester.
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.
MANSARD is a commercial brokerage shop focused almost exclusively on the MA and NH markets. The company has brokered the sale of more than 1,000 commercial properties in the area.
You can search MANSARD’s current inventory of for sale listings on their website. The search tool allows you to filter the available properties by asset type, building size, price range, and more.
SVN Commercial Real Estate Advisors
Founded in 1987, SVN is an international commercial real estate advisory group with offices in both Woburn and Framingham, MA.
SVN’s website can help you locate commercial property for sale in MA. You can search by asset class, such as office, retail, industrial, medical, self-storage, multifamily, and more. Furthermore, you can search properties both offered for sale and for lease.
Although investors may initially be interested only in properties for sale, they may also benefit from the ability to search properties for lease as a way to learn 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 of experience, most of which is right in the local area.
In addition to featuring 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 listing services 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,” are oftentimes off-market deals where the owner is ready and willing to negotiate a great price for their commercial property in MA.
Here are a couple of online resources where you can find FSBO commercial real estate listings in MA.
Although Craigslist is not specifically designed with real estate buyers in mind, the platform does have a sub-section that allows people to list properties for sale.
Start by looking under “housing” for “real estate for sale.” Here, you will be able to browse through a list of properties currently offered for sale. Keep in mind, however, that the section features listings for both commercial and residential buildings.
Another way to find commercial property FSBO on Craigslist would be to try entering a few keywords into the search bar.
Keywords to test include: FSBO, investment property, 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 other markets across the country.
The platform is a great resource for finding FSBO commercial property such as office buildings, industrial facilities, stores, restaurants, and multifamily housing in Worcester, Boston, Lowell and other major cities.
Listings tend to feature basic but important details, such as the property type and existing tenants. It is not unusual for FSBO real estate listings to be less detailed than the ones 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’s website can be a great source of listings for Boston commercial real estate for sale.
On the homepage, begin by clicking on the “Your needs” link, and then selecting “Invest in real estate,” as shown below.
On the next screen, scroll down to the Services section, and then, under Buy, click on Property acquisitions, as shown below.
Here, you’ll be able to search all of JLL’s commercial real estate listings, including properties listed by HFF prior to JLL’s acquisition in July 2019. The search tool includes filters for property type, location, price range, cap rate, custom keywords, and more.
Or you can browse the listings under one of several preset categories, including local and regional properties.
Lowell Commercial Property Search With MANSARD
MANSARD’s listings search tool makes finding commercial real estate for sale in Lowell, MA really easy.
You can search available properties by location, property type, building size, and price range. Additionally, users can narrow down results by criteria such as “investment property” or “auctions” – filters that typically aren’t offered on other platforms.
The site also lets you see recently sold and under contract properties, which can be a great source of sales comps information in the region.
The listing below, for example, is for a flex property that sold recently in Lowell. The property page highlights prevalent investment details such as the cap rate, and the fact that this building is located in an Opportunity Zone, which provides certain tax benefits for the buyer.
Lowell Commercial Property Search With SVN
To search for commercial property for sale in Lowell, MA with SVN, start by clicking the “PROPERTIES” tab on the homepage. Next, enter your desired location and apply other optional filters such as property type, sale price range, and cap rate.
In the screenshot below, you can see the results of a search for all available commercial property in Lowell, MA, without any specific filters applied.
You may notice that the results include both for sale and for lease listings. Unfortunately, SVN’s search tool does not include a filter that would allow you to search only for sale properties. Instead, you will have to scroll through the results to identify potential investment opportunities.
Once you identify a property you may be interested in, you can view its profile page, featuring building characteristics and highlights, downloadable brochures, photo gallery, representing broker contact information, and more.
Waltham Commercial Property Search With R.W. Holmes
Looking for commercial property for sale with R.W. Holmes is a little different, as the website does not feature a search tool. Instead, you can use several filters to sort and browse the available listings.
To start, click on the “Property Listings” tab at the top of the homepage. Then, on the next screen, you can use the drop down menus to choose for sale, the commercial property type, and Waltham as the city of your interest.
The results will update as you are making your selections. If you would like to explore any individual listing in more detail, click on its tile.
No matter the type of commercial property for sale you’re looking for in Massachusetts, the various platforms we discussed above can help you search more efficiently and find better investment opportunities.
You should also consider using an off-market search platform such as Reonomy that can help you learn about the market you’re looking at, and a lot more.