Leasing Or Buying Retail Sites in Boxborough: A Great Idea!
By establishing a business presence in a small community in advance of development, some investors seek to maximize the returns they obtain from real estate. This town, officially known as "Boxboro," stands in a choice location in far western Middlesex County less than a mile east of busy Interstate 495. It lies within a two hour drive of downtown Boston, the largest and most cosmopolitan city within the Commonwealth of Massachusetts.
Click Here to Search
Retail Space
Why do some entrepreneurs seek retail properties in this location? First, the community sits very close to an important highway. Some businesses on the outskirts of this town, such as convenience stores and gas stations, anticipate sales from the high traffic volume supplied by the freeway.
Second, the community lies within a 15-mile drive of Nashoa Valley ski slopes. This proximity potentially creates a retail market for some types of specialized businesses catering to outdoor recreation enthusiasts (especially skiers). At the present time, commercial prices in this town remain very affordable compared with rental rates in some other locations on the outskirts of the Greater Boston Area.
The Neighborhood Here
At the present time, this small town maintains only a single official neighborhood. The greatest potential for retail properties lies along Road 111. It intersects Interstate 495 just a short drive west of town. Commercial potential may also exist in the center of town close to the crossroads of Road 111 and Middle Road (also known on its southern extension as "Stow Road").
Due to its size, this community does not maintain an extensive business district. Companies considering retail locations here may wish to consider purchasing commercially zoned lots for the construction of customized retail facilities. The nature of the business and its real estate goals may influence this decision.
Leasing Boxborough Retail Space
Leasing retail space in this rural enclave involves a careful consideration of the local marketplace. Commercial tenants may find it useful to search for locations supplying business signage. The absence of this important feature potentially limits the visibility of enterprises in communities with limited commercial space.
When a business leases retail facilities, the rental agreement may also include other provisions. Issues such as the term of the lease and any notification deadlines for renewing the rental period may figure prominently in this document. In this community, where most residents access retail locations by car, the availability of customer parking (or not) may also become an important discussion point. Most landlords require commercial tenants to obtain sufficient liability insurance to fully protect their interest in the real estate in the event a retail customer sustains an injury while visiting the premises.
Purchasing Retail Property in This Community
Many prospective retail property seekers here will discover advantages in constructing commercial premises. They may choose to purchase commercially zoned lots and then commission a builder to create a customized business facility. While this strategy does usually require a significant investment of capital, it also potentially yields rewards if property buyers select realty wisely.
When your company requires experienced assistance finding available retail properties or building sites in this community, consider contacting Boston City Properties. We specialize in this important regional market. Our expertise includes marketing commercial properties located in towns on the outskirts of the rapidly growing Boston Area. We may offer valuable assistance by helping you find available properties meeting your individual business goals and requirements.
Listing Retail Space For Lease or Sale
We also assist property owners in this part of Massachusetts. If you've considered placing a retail building or a commercially zoned lot on the real estate marketplace, you may find it helpful to contact us. Our expertise in this industry allows us to offer a variety of useful services of interest to realty sellers.
Commercial listings in rural communities often remain on the market for longer periods of time than comparable listings in urban locations. Sellers may benefit by embracing innovative marketing approaches in some cases. Promoting commercial realty aggressively may help reduce a commercial seller's holding costs, for example, by encouraging more potential buyers to consider a business site. Sometimes local entrepreneurs may not fully appreciate the full potential of a particular rural retail location unless a seller points out these benefits specifically.
Click Here to Search
Retail Space