Franklin Land for Sale

The leading metropolis in the Tri-Center Region of Massachusetts with an approximate population of 31,381 inhabitants. The community is residential with a strong pro-business approach. Businesses and travelers both can make use of the local thoroughfares that come and go from the town. Roadways comprise of Route 140, Route 1, and Interstates 495, 90, 93, 95, and 295. Other modes of transport are the MBTA commuter rail and bus routes provided by the Greater Taunton Regional Transit Authority. The town resides approximately 50 miles from Boston in Norfolk County. Neighboring communities are Medway, Bellingham, Wrentham, Norfolk, and Milford. Settled in 1660 the cozy village has grown over the years and contains around 27 square miles of terrain that feature marshland, lakes, open spaces, forests, parks, streams and the Charles River watershed.

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Land for Sale

Reasons to Invest in Property in Franklin

A low tax rate is one of the biggest advantages of purchasing vacant property in the town. Businesses receiving incentives for starting or relocating to the area such as tax credits. Historic community tourists and residents can view the architecture of both the Victorian Gothic and Queen Ann time eras. The town was placed at number 10 on CNN Money’s “100 Best Places to live and launch” in 2008. A cozy atmosphere showcases locally owned shop and restaurants. Family-focused, and a welcoming feeling has the town listed on Family Circle’s 2007 “Ten Best Towns for Families”. Home to the country’s first library there is hours of reading fun available for all ages. The town features advantages to industrial businesses with three areas Forge Park, Franklin Industrial Park, and the Pond Street property. Townspeople and companies will find something for everyone.

Those that will be interested in purchasing vacant acreage in the community are private homeowners, developers and businesses, and investors.

People searching for a place to build a home will find benefits to purchasing property in the community. One benefit is that it is more affordable to build from the ground up. Less competition is another benefit with most home seekers searching for already conventional residences. Customization can be achieved by making the house the perfect home for the owner. An energy efficient home is possible during the construction process saving the owner money.

Property developers and businesses will come across numerous gains to owning vacant plots of ground. Higher returns can be achieved when selling or renting the developed soil. A quick profit can be made by developing and marketing the parcel. Buyers have the ability to use creativity and construct many different types of structures. One money-saving plus is that there is no necessity for repairs or renovations work can start immediately. Business owners and workers will find that they can work and live in the same community. Lot possessors will find that they have control over what is done with the ground. The pride of being part of the town is another favorable attribute.

Investors can also make use of the returns that come with retaining unfilled ground. The property is a tangible asset and can provide a tax break. The rising real estate's prices grant the proprietor with a chance at a laid-back investment and provide a higher return when time to sell. A longstanding venture also grants the holder with peace of mind and no concern about upkeep or overhauls. Virtual deals are another benefit eliminating the requirement for the busy consumers to appear in person.

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Types of Developments and Zoning Restrictions

Communities set zoning restrictions on property in order to protect the residents and other developments that are already in an area. This ensures that there are no negative effects to the community and helps maintain a balance of the limited resources the city has. Some of the most common zones are as follows:

• 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.
• 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 partially cleared forested level commercial lot with approximately .5 acres can retail for around $399,000.

Sloped forested wetlands light industrialized zoned parcel with around 5 acres may sell for near $300,000.

For more information concerning these types of sales please contact us.

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Land for Sale