Haverhill Land for Sale

A residential and commercial community settled in 1640 located a mere 35 miles north of Boston. The town population is roughly 60,879 residents on an approximate 35.6 square miles of territory resting within the borders of Essex County Massachusetts. Area topography consists of hills, drumlins, ponds, lakes, along the Merrimack River. Surrounding the landscape are the towns and cities of Merrimac, West Newbury, Groveland, Boxford, North Andover, Methuen, Salem, Atkinson, Plaistow, and the state of New Hampshire. Commuters and travelers will discover many roadways to access the city incorporating Interstate 495 and Routes 97, 108, 110, 113, and 125. Those that do not want to drive can also use the MBTA Commuter Rail, Amtrak, and the MVRTA.

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Reasons to Invest in Property in Haverhill

A family-friendly town where history surrounds with battles from the French and Indian, American Revolutionary, and Civil Wars. A growing city there are hours of fun and excitement that can be experienced through the local restaurants, docks, and boardwalks. Youth can join the local adolescent athletic teams including soccer, tennis, wrestling, and lacrosse. Adults can enjoy a business meeting or just a leisurely game of golf on one of the three golf courses. Three colleges can be found in the town and comprise of Northern Essex Community College, Bradford College, and Northpoint Bible College. Business will discover districts waiting for development.

The town offers buyers a chance at many opportunities and benefits. Many types of purchasers will enjoy the different individual benefits offered. A few of the consumers that will discover returns are developers, investors, and historical organizations.

Designers will notice less competition enabling them to possibly purchase the acreage at a lower rate. No renovations or demolitions are required providing the creator with a blank canvas to construct. The property can be built as desired by the wants of the developer.

Investors can experience higher returns over time with a laid back method with just allowing the property to sit. Developing structures on the parcels can also provide them with a monthly cash flow or a profit from a sell. The plot of ground serves as a tangible asset as well as gaining value over time and a tax break under certain conditions.

Historical organizations may as well find the unfilled spaces of value from past battles. They can save a piece of history showcasing the area where the battle occurred. The ground being a limited resource with no new terrain growing provides them with a chance for future generations to view the bygone eras. They can also take pride in being part of the town.

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Types of Developments and Zoning Restrictions

Many cities have zoning codes for how property in certain areas can be developed. This is done to protect the residents and local business already established in the area. The city will also do this to protect the environment and natural areas. This ensures there is a balance to how property in the community is used. Some of the common zoning types are as follows:

• Rural: This is an area set aside for farms and other open land projects. This would be an area that allows the development of dairy farms, ranches, and farm animals.
• Environmental: These areas are set aside to protect sensitive environmental areas such as wildlife habitats and wetlands. In these areas, you could make a nature center and parks.
• Historical: This property is set aside for the protection of historically significant structures or areas of value to the history of the city. This would be a good area to develop a museum that helps showcase the areas historical items.
• 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. This is the area that people will live and raise their families in.
• 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.

It is sometimes possible to get an exception or change the property zone to be able to accommodate a development that does not fit the zoning of the area. The buyer will need to present a development plan to the city. The city will then review the plans to see if it would cause any conflict with residents or businesses that are already established in the area. They are also looking to make sure the development will be a good match with the existing developments in the area. This process can take a while, so it is important to be patient while the process moves forward.

Examples of Potential Property Costs

A commercial level in town lot in a high traffic area and around .5 acres could sell for about $750,000.

Partially cleared level industrialized zoned lot with close access to highway and roughly 6 acres may possibly retail for in the region of $695,000.

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