Andover Land for Sale
This community is in Essex County and has a population of around 33,201 people. The area is approximately 32.1 square miles and consists of woodland and wetlands. The city was settled in 1636. The community consists of mostly residential and industrial land. Some of the waterways are the Shawsheen River and Haggetts Pond, which serves as a reservoir for the city. The city is 22 miles North of Boston and 30 miles South East of Manchester, New Hampshire. The area is bordered by Lawrence, North Andover, North Reading, Wilmington, and Tewksbury. For the transportation needs of the city, there is the intersection of I-93 and I-495. Running North to South through the area is route 28. In addition, there are routes 133 and 125. Located near Ballardvale and Andover there are the MBTA Commuter Rail stations to serve the transportation needs of the residents.
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Reasons to Invest in Property in Andover
This metropolitan area has rich historical roots dating back to before the Revolutionary War. The Harold Parker State Forest provides for ample opportunities to explore and enjoy the outdoors. There are places to fish, camp, ride bikes, and even do some Horseback riding. This brings people from all over the country to the community. The area has manufacturing positions for those looking for a good paying job. Families will have lots of opportunities to spend time together in the many parks and playgrounds throughout the city. There are many types of recreation programs to encourage families to be active in the community. The area has Museums which allow residents to learn about the rich history of the area. In the winter there are many different winter sports organizations to help residents enjoy the winter months as much as the summer months. Those who want to invest in vacant property are land developers, Businesses who are expanding, Farmers, ranchers, Investors, and those looking to build a new home. Another group that may be interested in this type of land is Sports teams looking for a place to build their Stadiums. Some of the companies and industries in the area are Raytheon, Hewlett-Packard, Prudential Insurance, Digital Equipment Corp, Gillette, Vicor, ITT, Genetic Institute, Smith and Nephew Dyonics, and Marshalls. Based on the many different companies that are in the area this would be a good place to develop a technology or retail company. The property could also be used for residential homes such as condos and apartment buildings. This property is not developed so it is fresh and ready for whatever use you may have for it.
Types of Development and Zoning Restrictions
The city classifies the area into zones. These zones ensure that the property use is balanced and does not interfere with the well-being of the residents. Some of the common types of property zoning are as follows:
- Residential: This zone allows homes or other dwelling units to be built for residents.
- Commercial: This sector allows the operation of retail stores, offices, restaurants, and theaters.
- Industrial: These areas are where manufacturing businesses and factories are developed.
- Rural: This is the location of farms and other open land developments such as ranches are built.
- Historical: The property in this area has special protections because of the historical significance's of the area.
- Environmental: These zones are protected to ensure sensitive natural regions are kept safe.
- Aesthetic: This property is zoned in a way to maintain a certain look in order to preserve items that have a significant value to the community as a whole.
There are times when the zoning of a certain area can be changed to allow the development of a business or home that was not normally allowed in that area. This is done by contacting the city and presenting them your plan for possible approval. However, the development cannot harm or interfere with the original intent of the property. As seen above there are many ways to develop and invest in undeveloped property. When a buyer buys these types of real estate it is important to have a plan and know what can be placed in that area.
Examples of Potential Property Costs
- A city lot of about 13.34 acres of land that is level and zoned for Residential or light Industrial use can potentially sell for about $895,000.
- A waterfront (lake) and wooded lot of about 0.67 acres and zoned for residential use can sell for around $380,000.
- A level lot close to a lake in a wooded rural location consisting of approximately 1.96 acres has the potential to sell for $69,000.
For more information about how, to obtain these properties and how to use them, please contact us so we can help find the right property for you.
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Land for Sale