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Ipswich Land for Sale

Placed along the coast, this waterfront community is the site of the Sandy Point State Reservation and the Willowdale State Forest. Because of the community's location, it is a popular site for real estate investments and home developments. While the city is primarily residential, it has a strong tourism industry. Investors can start a business that caters to tourists like a hotel, restaurant or shop. During annual celebrations like the Ipswich Chowderfest, these kinds of investments earn a respectable profit from the many tourists who flood the town.

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Land for Sale

Located in Essex County, this community is only 28 miles away from Boston. Meanwhile, Salem is only 13 miles south of the city. Currently, investors can find properties in the area for a median price of $510,000. In the last year, the median price has advanced by $82,500. The average price per square foot remained roughly the same at $237. The difference between these two figures is primarily caused by residents buying larger homes than in previous years. As the housing market improves, more residents are upgrading their homes and buying properties in the area.

Why Investing Is the Smart Choice

Within this community, investors will find a waterfront location with beautiful properties. This town has remained primarily residential for decades, but the growing real estate market has imbued the community with a new sense of life. More residents are moving into the area, which means that developers and investors have a larger consumer base.

The current trend appears to be for rising prices. While the prices are still much lower than many Boston-based communities, these prices are only expected to increase during the coming years. Investing right now is a way to get into the market before home values become impossibly high.

In addition, investors can enjoy having a number of business opportunities in the area. Since this community is a hot spot for tourist activities, investors can create businesses based around hospitality or tourism. The presence of multiple state parks and protected areas means that recreational businesses and restaurants are also potential options.

Within this city, investors can locate the vacant lot they need to create their next investment. Navigating the real estate market is not always easy. To make sure that you can find the property you need at the right price, call Boston City Properties today. Our team of real estate professionals can help you find the property and the location that you need.

Discover a Desirable Location

This community is located only 11 miles to the south of Newburyport. It is 13 miles to the north of Salem and 12 miles northwest of Gloucester. While Lawrence Is only 20 miles to the west of the community, Boston is a 28-mile drive away.

Several beautiful communities surround this city. It is bordered by Boxford on the west and Rowley on the north. Essex, Hamilton, Gloucester and Topsfield form the southern border of the community. Residents will find the Willowdale State Forest on the western side of the town. From the community, the closest thoroughfare is Interstate 94. Route 1 can be found along the western edge of town.

Many Types of Developments Are Available

Once investors locate the right property, they can transform it into a number of different developments. Because of the recreational nature of this waterfront community, luxury condos are a top investment option. Residents are drawn to the area because of its tranquility and seaside appeal. With luxury condos or apartments, property owners can ensure a consistent income.

Other than residential structures, property owners can also create commercial businesses. Some of the most successful businesses in town focus on hospitality and tourism, but there are still a number of under-served business needs in the town. From shopping options to restaurants, investors have a number of potential options for creating a business in this community.

The most basic option is to just keep the land vacant. This option has the lowest maintenance fees and no construction costs. All the investor has to do is hold on to the property for several years. Once the vacant lot has risen in value enough, the investor can sell their property for a profit. This option is appealing for investors on a budget. If you decide to build a business or a new home in the next few years, you will also have the option of building on the land later.

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Land for Sale