Framingham Land for Sale

The community is in Middlesex County and where you will find Framingham State University. It was settled in 1650 and is approximately 20 miles west of Boston. Neighboring cities and towns comprise Southborough, Marlborough, Sherborn, Ashland, Natick, Wayland, and Sudbury. Residents and workers can make use of the transportation options of thoroughfares, train, and bus. The town has a population of roughly 68,318 residents within the approximately 26.4 square feet of territory. Surrounding topography showcases farms, Nobscot Mountain, Doeskin Hill, and forests. A suburban residential community featuring commercial areas, and Medical and healthcare industry. Thoroughfares granting access to and from the town running east to west include Interstate 90, Routes 9, 30, and 135, north and south access include Route 126. The MBTA offers commuters the commuter rail. Bus routes are also available for utilization covering MassPort, Peter Pan Bus Lines, MBTA, and MetroWest Regional Transit Authority (MWRTA).

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Land for Sale

Reasons to Invest in Property in Framingham

A cozy quaint atmosphere provides a sense of safety and protection. Residents are always welcoming adding to the family-friendly location. There are many activities to entertain all ages. Callahan State Park offers biking and hiking trails through the beauty of nature. History can be seen all around at the Old Town Hall and Framingham History Center Museum. Other things that can be appreciated are the Danforth Museum, Amazing Things Art Center, Dining, and other entertainment spots. Manufactures and other business will find shipping available through the freight rail with CSX. There are many advantages is living and working in the community.

Possible interested buyers for the unfilled spaces in the community are businesses, cash buyers, those looking to build a home, and property developers.

Businesses will discover the benefit of direct ownership eliminating the need for a monthly rental or loan fee. The acreage is a tangible asset that will gain value over time and provide a tax break. Another option is to rent out the open ground to those that required the room in by creating a cash flow.

Cash buyers will also discover advantages to owning vacant property. One of the biggest rewards is that there are no renovations required they can build from the ground up. They may also discover lower rates with owners that are motivated to sell. A cash purchase enables the buyer to begin development without any overhead fees.

Another group of individuals that may be interested in purchasing ground is those searching for a place to build a home of their own. Less competition leads to a chance to choose the perfect location. Modern features can be added to the home during the construction process. There are fewer and cheaper expenses without the need for renovations or repairs to an already established residence.

Developers can also make use of the value that’s accessible from the open spaces. The parcels are easier to improve than already created structures. The unfilled earth is a limited resource with no new ground being created making owning the land an asset. Real estate prices are rising delivering a possibility of marketing at a higher price at a future time.

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Types of Developments and Zoning Restrictions

Many communities have specific zoning laws to help protect the residents and local business. This is done to ensure the resources of the community are used efficiently and to ensure there are no negative effects on those developments that are already in place.

• Historical: This is an area that is set aside to protect structures and important property areas of high historical value to the city. These areas can include important battle sites, historical buildings in a neighborhood, and other historically valuable structures.
• Industrial: The property is zoned for heavy industry and manufacturing factories. Some of these factories would be automotive, heavy machinery, and power and water facilities.
• Residential: This is the area set aside for homes and residential apartment complexes. Condos and duplexes are also another types of development for this zone.
• Commercial: These properties allow for the operation of retail stores, offices, restaurants, theaters, and mixed-use developments. Mixed-use development is a combination of retail space and residential space in one building.
• Environmental: This is land that is protected to ensure wildlife, and the natural environment of an area stays untouched. This is sensitive environmental areas that have a significant importance to the area and where a wildlife center or park would be a good investment.
• Aesthetic: This is an area that everything is kept looking the same and there are rules about how to preserve the aesthetics of the area.
• Rural: This is the area ware farms, ranches, and natural parks are located. This is a property that is open and relatively untouched.

Examples of Potential Property Costs

A level forested single family residential lot with approximately 1 acres might retail for near $485,000.

Commercially zoned corner lot level and partially cleared and around 1 acre could sell for roughly $427,400.

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Land for Sale