Billerica Land for Sale

The city is 26.4 square miles and has a population of around 40,243 people. The community is in Middlesex County and was founded in 1652. The area is about 20 miles Northwest of Boston. The city is made up of Flatland, wooded areas, and lakes. Two of the major waterways in the area are the Shawsheen River and the Concord River. This community consists of small neighborhood villages which are East Billerica, North Billerica, Nutting Lake, Pinehurst, Rio Vista, River Pines, Riverdale, Riverside, and South Billerica. Some of the major industries of the area are manufacturing and health sciences. The city has a good transit program which includes Lowell Regional Transit Authority Bus Service and the MBTA commuter rail to and from Boston’s North station. The community is bordered by Chelmsford, Lowell, Tewksbury, Wilmington, Burlington, Bedford, and Carlisle.

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Reasons to Invest in Property in Billerica

The community has historic places and good schools. The city has convenient access to Boston and other nearby cities. There are also recreational areas and golf courses for residents to enjoy. These recreational programs are for both kids and adults alike. They are known for the Billerica Mills Historic District and Howe School. These properties are a good investment for Real Estate Investors, land developers, businesses looking to expand, and people looking to build their own home. There are some advantages of buying property that has not been developed. There is no renovations or rehab that needs to be done since the buyer will be starting from scratch. This allows the buyer to develop the property any way they feel fits their needs. Many times, these areas can be purchased with cash, so there is no need for financing. These types of sales also allow the buyer to directly own the property. A buyer can find these vacant properties listed by local real estate brokers, banks, auctions, and by the owner themselves. An agent can help find the property that is the best fit for the buyer. They can also help navigate all the paperwork and legal matters involved in the purchase of these properties. It is a good idea to have a professional help to ensure you get the property for a fair price. To make a fair offer it is important to know the fair market value of the property.

Types of Developments and Zoning Restrictions

A city sets up different types of zoning requirements for different areas of the city. This helps to ensure that there will not be conflicts between residents and new developments. By controlling how the properties in an area are used the city can better manage the resources necessary to support the different types of developments in the city. There is some common zoning classification that most cities use. These classifications are as follows:

1. Residential: This is an area designated for housing developments and individual homes. These developments can include condos, apartment complexes, and individual owned homes.
2. Commercial: These areas are designed for retail stores, offices, restaurants, theaters, and mixed-use developments. Mixed-use developments are a residential home and an office or retail store combined. This can be convenient for a business owner who would like to be near their business.
3. Industrial: This is the area set aside for heavy manufacturing and other factories which produce a lot of nice and are usually away from residential areas. These include Automobile plants, power plants, and water treatment centers.
4. Rural: This is a place that farms, ranches, and orchards can be found. These properties are usually open and have many natural areas.
5. Historical: This area offers protection concerning structures that have historical significance to the area.
6. Environmental: These are areas set aside to protect sensitive natural regions of the city. This can include wetlands and natural forest.
7. Aesthetic: this is an area that prescribes how a structure must look within a certain region.

It is possible for a zoned property to have the zone changed or an exception to what can be developed on the property. In order to do this, the developer must present a development plan to the city, so they can review it. The city will then review the development to see how it will impact the area and rather or not it is a good fit for the residents and developments that are already in place. This process can take a while, so it's important to be patent while your proposal is being considered.

Examples of Potential Property Costs

• A raw wood 1-acre piece of property has the potential to sell for about $100,000.
• A level wooded farmland zoned as residential consisting of 17 acres has the possibility of marketing for approximately $2,000,000.
• A business or commercial zoned wooded corner lot with wetland and near a road with traffic consisting of 5.4 acres has the prospective to retail for around $1,200,000.

For more information on how, to purchase property please contacts us.

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