Gloucester Land for Sale

America’s oldest seaport settled in 1623 within Essex County Massachusetts. The town is roughly 31 miles northeast of Boston and 16 miles northeast of Salem. Travelers will find access to many roadways and public transportation. Thoroughfares that grant access to and from the town are Routes 128, 127, 127A, and Route 133. Public transportation is also available and consists of the Cape Ann Transpiration Authority and the MBTA Commuter Rail. The town features a population of approximately 28,789 inhabitants. Commerce in the area encompasses fishing, summer resorts, industrial and commercial. A roughly 41.5 square miles of territory located at the eastern end of Cape Ann showcase a landscape of beaches, ports, marshes, small islands, parks, and coves including Western Harbor and Inner Harbor. The Annisquam River flows through the middle of town. Bordering cities are Rockport, Ipswich, Essex, and Manchester-by-the-Sea.

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Reasons to Invest in Property in Gloucester

The neighborhood offers many activities that can be enjoyed by all. Hours of excitement splashing in the waves or just watching the water can be experienced at the beaches. Tourists and townspeople have the opportunity of touring the lighthouses, whale watching cruises or just exploring the local museums. Additional past times that can be relished are fishing and shopping. The town has a historic past which is a feature throughout architecture in the area including the Fisherman’s Memorial built in 1925, Hammond Castle constructed in 1929, and Easter Point Lighthouse erected in 1832. A sense of safety can be perceived by the beautiful nature that surrounds the cozy quiet town.

Many types of property buyers will be interested in purchasing unfilled lots in the community. Some of these include organizations, personal home builders, and small independently owned businesses.

Organizations can benefit from the purchase of unfilled spaces. Historical societies can ensure that safety and protection of structures of past times and events. Monetary savings can be achieved with no fewer or no renovations required. The property can be used as desired developing as per the needs of the owner.

Personal home builders can uncover many opportunities with the unoccupied estate. Less competition is one such benefit. Searchers may also discover motivated sellers that will offer to finance eliminating the need for conventional financing. Another gain is that development can begin immediately adding needed energy efficient elements.

Small independently owned businesses can also benefit from the open acreage. Owners can take pride helping the local economy by proving jobs and local revenue. They can also enjoy the convenience of working and living in the same community.

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Many communities have established zoning codes for property in the area to protect the residents and businesses from new developments. This is done to help to make sure that the limited resources of the city are used in a balanced way to benefit the entire city.

• Rural: This is an area set aside for farms and other open land projects.
• Environmental: These areas are set aside to protect sensitive environmental areas such as wildlife habitats and wetlands.
• Historical: This property is set aside for the protection of historically significant structures or areas of value to the history of the city.
• Aesthetic: The city requires structures to look a certain way. This helps to preserve the original feel of the city.
• Residential: This is the area designated for single-family homes, apartments, Condos, and other residential uses.
• Commercial: This is the location of Retail stores, offices, restaurants, and theaters. This property is set aside for mixed-use developments as well. This is the combination of residential homes and storefronts.
• Industrial: These locations are where major manufacturing takes place. Some of these businesses include Auto factories, power plants, and other heavy manufacturing companies.

Some of the developments that can be established in these areas will need to be approved by the city to ensure they do not interfere with the current residents and businesses already in the neighborhood. It is possible to ask the community to change the zoning to allow for a development that does not fit into the requirements of the currently zoned section. This is done by asking the city for an exception or to change the areas zoning prerequisites. It is important to be patient through the process because the city will need time to research the impact of the development on the area and determine if it will be a good fit for the vicinity.

Examples of Potential Property Costs

A gently sloping cleared level residential lot zoned for either single or multiple family usage with roughly .5 acres might sell for around $179,000.

Elevated sloping forested wetlands with scenic view zoned for single family residential usage and around 13 acres could market for $439,000.

For more information concerning the sale and development of vacant property please contact us.

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Land for Sale