Hopkinton Land for Sale
Located within beautiful Middlesex County, this suburban community is only 30 miles away from Boston. While it is famously known for being the start of the Boston Marathon, this community also includes a thriving commercial and residential base. Within Hopkinton, residents will also find the village of Woodville.
Click Here to Search
Land for Sale
Within this community, the median price for a single-family home is $620,000. Like many neighboring areas, the average price per square foot has risen in the last year. While the average price per square foot was $242 a year ago, it is now at $257. To make up the difference, many residents have been purchasing smaller properties. Because of this trend, the actual median home sale has fallen by $25,000 in the last year.
The current market trends show a strong growth potential in the coming years. As the site of corporate headquarters like Dell EMC, this community has a vibrant commercial base. Many residents work at the major employers in the area, so investors can always create rental properties, housing developments or shops that cater to these employees.
Why Investing Is the Smart Choice
With a close proximity to Boston, this area is poised for continued growth in the future. There are a number of businesses and residents already in the area, so investors will find a thriving base for commercial and rental enterprises. Because of the area's natural beauty, it is also a popular spot for anyone who wants ample green spaces, parks and recreational options.
While this area is a great investing option, finding the right lot is not always easy. From calculating utility costs to figuring out the zoning requirements, there are many steps that investors have to take before they buy a vacant lot. If you want to start your investment off right, Boston City Properties can help. Our team of professionals can help you navigate the real estate market and find the right property for your needs.
Discover a Desirable Location
This community spans 28.2 square miles in size. It is located only 26 miles to the west of Boston. While New York City is 195 miles away, residents will find Worcester just 17 miles to the east of the community.
Located within eastern Massachusetts, this is bordered by six towns. Southborough is located to the north side of the community. While Westborough can be found on the northwest, Upton is located to the southwest of the town. On the south, residents will find the city of Milford. Ashland is located to the northeast of the community, and Holliston is placed to the southeast side of town.
Many Types of Developments Are Available
Once investors located the right property, there are many development options that they can choose. The most basic development choice is to let the property remain vacant. This option requires very little maintenance or upkeep cost over the ensuing years. Once the property has accrued in value, investors can quickly sell it for a profit.
For more active investing options, investors can create residential developments or apartment complexes. Many residents are looking for rental communities or housing developments in the area. Investors can gain a steady income stream with a rental community. This type of community can be a luxury complex, a basic apartment building, duplexes, townhouses or anything in between. Some investors also create developments that they sell to home buyers in the area. While this option will not create an ongoing income stream, it does provide investors with a quick turnaround on their investment.
Other than residential developments, investors can also create restaurants, shops or other commercial buildings. Instead of running a business, investors can also rent out retail space to businesses in the town. If investors choose to build a business on their property, they can reduce their ongoing costs by eliminating the need to pay rent.
No matter what investors need from a property, there are options available in this town and the surrounding area. With a vacant lot, investors can build their dream property or keep the lot empty as an investment. From luxury condos to commercial shops, the options for these vacant lots are endless.
Click Here to Search
Land for Sale