Groton Land for Sale

The town of Groton rests within the boundaries of Middlesex County Massachusetts. A population of around 10,873 residents reside in the town that was settled in 1655 and rests approximately 43 miles northwest of Boston. Topography of the 33.7 square miles comprises of hills, conservation land, and the rivers of Nashua and Squannacook. The community has residential and commercial districts. Bordering cities and towns are Pepperell, Dunstable, Tyngsborough, Westford, Littleton, Ayer, Shirtly, and Townsend. Tourists, businesses, and residents will discover many thoroughfares leading to and from the town consisting of Routes 40, 111, 119, and 225.

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Reasons to Invest in Property in Groton

There are many positive aspects to purchasing vacant property in the town. This historic destination town showcasing glimpse into the past with structures like the Gibbet Hill Castle built in 1906 and Old Groton Inn built in 1678. The Groton Historical Society and Museum is an additional place where people can go to experience days gone by. The neighborhood offers two prep schools for children to attend theses include the Groton School founded in 1884 and the Lawrence Academy at Groton founded in 1792. A quiet family friendly environment provides hours of year-round activity for all ages with recreation such as baseball, softball, football, hockey, and youth summer camps. The conservation areas present hiker and bicyclers with trails through the beauty of natural surroundings. Businesses and travelers will uncover access to highways that provide a way of transit.

Those that might be interested in purchasing property in the community are historical societies, individual home builders, and businesses. Many other will also find the purchase of vacant properties an advantageous venture.

Historical societies will discover many benefits to owning vacant parcels. This can help to preserve sites where battles and other events may have taken place. The open space presents an opportunity to place a building or other structure from the past. The open ground is a limited resource and will enable the society to hang on to an unfilled area for future use.

Personal home builders will also uncover the countless advantages. They can build from the ground up and include energy efficient elements along the way saving them money. A lower rate or price might be possible with motivated sellers some who may offer financing eliminating the need for traditional loans. Direct ownership of the land is another positive aspect since there is no requirement for approval from the financier prior to development.

Businesses can also find unfilled parcels a valuable factor. They can receive a tax break from owning a tangible asset. Real estate prices rising enables the company to profit from the sell of developed land. Less competition is another advantage since most companies are looking for already developed property.

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Types of Developments and Zoning Restrictions

When developing the property, the buyer needs to be aware of the zoning codes in place by the community. These zones are in place to protect the residents and other developments already in place. The common types of zones a city can set up are as follows:

• Residential: This zone is set aside for homes and other dwelling developments such as apartment complexes and single-family homes.
• Aesthetic: This is an area that has restrictions on how structures and landscaping look. Most of the landscaping and buildings are designed the same and have similar appearances.
• Rural: These properties are set aside for farming and other open land use. These properties make a good location for ranches, farms, and recreational developments.
• Commercial: This is the area that allows for the operation of retail stores, offices, restaurants, theaters, and mixed-use developments.
• Environmental: The community wants to protect their wildlife and nature areas, so this is property which is protected due to the sensitive natural regions of the area. These properties are good for parks and camping developments.
• Industrial: The property is good for developments of Heavy manufacturing factories such as automotive and machinery manufacturing. The city also allows the development of power plants and water treatment centers.
• Historical: These areas offer protection of structures and land that has significant historical value to the city.

In some cases, the zoning of an area can be changed, or an exception can be made to accommodate the development of the property even though it may not fit the zoning already in place. This is done by making a request to the city. They will look at the development plans and determine if it would a good fit for the area. This is done to make sure the development will be a good fit for the vicinity.

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