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Dracut Land for Sale

Twenty-eight miles north of Boston is the where one will find the town. Positioned in Middlesex County Massachusetts it holds a rough population of 31,352. The community showcases a small-town environment with residential and historical areas and includes a commercial district. Settled in 1653 the city encompasses an approximate 20.84 square miles. The terrain showcases forested conservation acreage, open plains, parks, and rivers. Neighboring cities and towns include Pelham, New Hampshire to the North, Methuen to the East, to the south lays Lowell and Tewksbury, and the western boundary rests Tyngsborough. Travelers will discover easy access along Route 93. Public Transportation is also available for those that chose to let others perform the task of driving.

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Reasons to Invest in Property in Dracut

Businesses and residents can uncover many advantages to purchasing property in the community. A quiet neighborhood environment provides a safe place to raise a family. The small town showcases the history of times that have come and gone. Locally owned shops and restaurants are welcoming those that pass by to come in and have a bite to eat or shop for that special item.

Those that would be interested in purchasing acreage are investors, developers, home owners, and businesses looking to expand.

Investors can benefit from the rising real estate prices. Owning a limited resource such as the earth with no possibility of more growth can create a profit over time. The property is a tangible asset which can present as a tax break. Investors that decide to develop the land and build structures will find a flow of income from renting.

Developers will also benefit from the empty spaces purchasable. Starting from the bottom up creates that gain of not requiring renovations to previously established erections. The developers will have direct ownership permitting him to hold a money-making asset. A smaller amount and low-cost expenses is another reward without the added expenditure of a demolition. Another added value is that the property developer can use the spread as desired.

Purchasers looking to build their own home will also find advantages to the purchase of open terrain. The seller may be motivated to turn over the parcel leading to a lower price. The seller may offer financing eliminating the requirement for a typical home loan or mortgage. Purchasers have the capability of negotiating and completing a cash sell with no monthly fees. There is less competition since most looking to purchase a home will be searching for an already established dwelling.

Businesses can also profit from the use of open spaces in the community. The property is easier to develop than areas that have preexisting buildings and structures that may need to be destroyed. Expansion is a possibility for industries in the area that may need additional space. Companies not located in the vicinity will uncover the option of virtual deals canceling the requirement of viewing the acreage in person with all transactions being made through the computer.

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Types of Developments and Zoning Restrictions

Residential zones permit for the creation and development of living abodes. Single family housing units can be built and provide private home owner with a chance to own their own property and provide privacy. Apartments can house many people and offer an opportunity to access the many amenities such as swimming pools and gyms. Townhouses also an edifice that can be established in the zone and will hold two family units on one site.

The commercial zones are set to allow for offices, stores, eating and other entertainment venues. Stores that can be constructed on the empty lots such as secondhand shops. Music retailers can provide a way to learn and experience the sounds of an instrument. Many kinds of office buildings including veterinarian clinics for preventive and urgent care. Entertainment places consists or restaurants that are both chain and locally owned, bowling alleys, and movie theaters.

The historic districts offer protection of structures and areas of past significance. The parcels can be used to place buildings that held important events. The open space can also provide a place to just view points where battles or other proceedings befell outside. Monuments can be positioned to identify chief individuals from the past. Another structure is that of a museum presenting residents and visitors a place to go and see articles and items that may have been utilized in years gone by.

The environmental zones protect the natural beauty and wildlife of the region. Conservation areas can be developed to secure a safe place for the flora and fauna. Wildlife preservation expanses are also obtainable providing sanctuary for the indigenous animals. Zoos are another edifice that can be established in the environmental zone and deliver a safe and protected environment for animals.

Examples of Potential Property Costs

Residential lot zoned for either single family or multiple family housing on a level forested wetlands corner lot containing roughly 3.5 acres could retail for around $285,000.

A partially cleared open space with wooded terrain on gently sloping wetlands featuring approximately 86 acres may market for close to $2,500,000.

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Land for Sale