Groveland Office Space

The town of Groveland is situated in Essex County Massachusetts 34 miles north of Boston. No interstates pass through the town, but US Routes 97 and 113 enter the town from west to east by crossing the Merrimack River. The new Congressman Bates Bridge spans the river and was opened in 2013 to replace the town’s old truss bridge built 100 years ago. Merrimack Valley Regional Transit Authority (MVRTA) operates the only bus service through the town and the nearest MBTA commuter rail service is at the neighboring town of Haverhill.

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The town has an annual recreation day held at Pines Recreation Area, which is situated along the banks of the Merrimack River. This event offers many daytime and evening activities including bands, a beer tent and barbequing. The town's Parker River runs into Crane Pond in the eastern end of town and is situated in a huge forest well known for hiking, dog walking and winter snow activities.

This fascinating town is basically residential and the district known as Elm Park has been brought up to date and restored to its former historical charm with brightly lit sidewalks, a new fountain and a gazebo build in the style of an old meeting house. The original town clock stands proud beside a veteran’s war memorial and a stone sign, which depicts the town’s history and the origin of the name of the neighborhood.

As with all small, New England towns, Groveland has a lively Main Street with shops, restaurants and coffee shops. From time to time, businesses in all districts don’t renew their unit’s lease and empty property comes up for lease frequently. Lease times vary from one building owner to another. Most landlords generally like a lease of a minimum of one year, while others may allow a six months lease. Start up companies want to get the feel of a community, so a lease of one year may just suit them, whereas others take the chance to lock in a rent rate for several years. Depending on the type of company you have, a one year lease might be sufficient, thus raising the opportunity to move to a larger unit should the need arise. To lease prime real estate close to the river is equally as expensive as property downtown. Prime office space with 1,250 sq. ft. will cost around $4,700 per month while a similar sized unit on a suburban plaza might cost $1,600 per month.

If you have the monetary resources, buying a property is another option and a good investment. Many medical facilities prefer to purchase their units, because they need to divide the building into a reception area, examination rooms and a radiology department. Major alterations would not be allowed in a leased unit, so if your type of business has the necessity for interior modifications, consider purchasing your office space. The price of a 3,342 sq. ft. unit close to the river and in good condition would be in the region of $500,000. Even non-business owners buy commercial property with a view to leasing. If well planned, the cost of the tenant’s rent will offset the owner’s monthly mortgage payment.

Anyone looking to list a unit for lease should contact a local, commercial realtor. Your property needs an expert to represent it in the best possible way. Enticing photographs along with a detailed description will double your chance of finding the right tenant quickly. Employing a realtor can mean the difference between a property sitting empty for months or one bringing in revenue.

Correct listing of property for sale is equally as important a listing a lease. Buyers are generally business persons with busy days and very little time to shop for new premises, so achieving a quick sale can all depend on the way it is listed and presented to probable buyers. Contacting a realtor to weed out interested, prospective buyers from time wasters, and arranging a viewing, can cut the sale time in half. Your real estate representative will work hard for you. This is his livelihood and he will give top priority to selling your property to ascertain his commission. You will greatly benefit from his knowledge and experience of the region and be glad you made the right choice.

Groveland, MA Office Space for Lease and Sale

The town of Groveland is quite small, but it does not mean you should overlook it when you are on the search for office space in Massachusetts. This place is part of Essex County and is just 34 miles north of the state capital, Boston. It is made up of only two precincts: the southern region and the town center.

It has an excellent location, which is just by the southern banks of the spectacular Merrimack River. Other brooks surround the area, including Parker River, which passes through the community. More bodies of water consist of the whole city, including Johnson’s Pond and Crane Pond. Aside from them, a forest also exists, which is in the eastern corner of the town.

This place is bordered by several other cities, including West Newbury, Georgetown, and Haverhill. Boxford is just nine miles from the town center. No interstates pass through the community, but the town lies between I-95 and 495.

Renting a Property for Your Business

Renting in this area is quite promising, mainly because the prices are much more attractive than the Boston Metro and the nearby places. Currently, the rental properties here have average pricing of $2,292, while Boston averages $2,419.

The properties continue to rise in costs, but you can still afford them if you choose to lease. One of the popular neighborhoods in this town is Yemma Road, which is where some of the most affordable units for commercial purposes can be found. If you are looking for an apartment, warehouse, or any property that you can utilize as office space, there is a massive chance that you will find it in this area.

Leasing has some benefits for your business and you as the lessee. If you have a low credit rating, you can take advantage of renting since you do not have to worry about your scores unlike with buying. You also do not have to worry about selling the property if ever you choose to move to another location.

The rents that you pay every month can be deducted from your taxes since they are considered to be a part of your business expenses. One of the good things that you will like about leasing in this area is that most of the terms are negotiable. Plus, you have to freedom to sublet or transfer when the lease term expires. You also do not have to think about the lost resources incurred in case the market declines.

Buying a Property for Your Company

While there are some benefits to leasing, you may also want to consider purchasing, especially if this is the town where you would like your business to stay. Rental rates tend to increase annually, which is the case most of the time. Of course, some leases may be favorable to you, but sometimes, buying is the more affordable choice.

Another reason why you may want to think about buying over leasing in this area is that there is no opportunity to build your equity over time. It is only possible if you purchase the property. As the tenant, you may even be forced to move to another place or building once the lease term expires. This situation will never happen if you own the property.

When you have the unit to yourself, you do not have to worry about the increases associated with the rents. These days, the rental prices hike every year, which can be disturbing if you own just a small business. If you own the property, you also can sublet or rent out the extra room that the unit or building may have. You can look for other occupants, and their rents can be added income on your part.

Another reason why paying and owning a property for your business in this town is that you have the authority over the entire building. You can make improvements and even get rid of some parts of the structure if you like. It is all up to you since you are the owner. You do not have to wait and ask for permission to the landlord in case you want to add some furnishings in the room.

Easy Way to Search and List the Unit

As mentioned above, if you own the property, you can sublet it to other people or businesses. It can be useful, and this method is mostly called shared workplaces. You will share the place with another tenant, which can be a cost-effective method since you can use their rental payments to make repairs or improvements if necessary.

The best way to find a potential renter of your additional room is to put up an ad online. Here, you will describe the place, provide some professional photos, and give inspiring reasons why a firm or a worker should choose to rent the unit.

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