Lawrence Land for Sale

Placed within Essex County, this community is surrounded by cities like Andover, North Andover and Methuen. Investors will find a community with a strong commercial base and a fairly large population of potential consumers or renters. Currently, the city has strong manufacturing programs for textiles, paper products, electronic equipment, footwear, foodstuffs and computers. Investors can start a business in one of these industries or cater to the current industrial needs of the community.

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Land for Sale

Currently, the median price of a home in this community is at $235,000. Compared to areas of Greater Boston, this is half the price or less of a typical home. During the last year, this price increased by $14,000. Meanwhile, the average price per square foot jumped up from $142 to $178. Investors still have time to capitalize on the lower real estate prices, but the median prices are expected to rise even more in the near future.

Why Investing Is the Smart Choice

With its sizable population and manufacturing base, this community has a strong economy that attracts investors and residents alike. Investors can start a business in the community and find a ready consumer base. Because many of the residents are employed by local industries, investors can also build rental properties for tenants in the area. This type of investment offers a consistent income stream for smart investors.

Because of its location and local amenities, Lawrence is a top spot for investors. To make your real estate journey a little easier, call Boston City Properties today. Our experts can help you locate your dream property within the area. We can help you find vacant lots in the right price range and location for your new building. To find out how Boston City Properties can help you, call or email our team today.

Discover a Desirable Location

Placed only 25 miles away from the Atlantic Ocean, this community is bounded by the Merrimack River on two sides. Encompassing 7.4 square miles in size, this city is bounded by Methuen on the north and North Andover on the east. The city of Andover is found on the south and southwestern border.

From the community, residents will find Boston only 30 miles away. Manchester is placed just 27 miles to the northwest of town. Within this city, investors can find properties that border water features like the Merrimack River, the Spicket River and the Shawsheen River. These sites are popular for building luxury condos and apartments because of the beautiful views. Residential properties can also enjoy beautiful views near the Den Rock Park conservation district.

Interstate 495 cuts through the eastern side of this town. While Route 110 runs east to west through the city, Route 28 cuts from north to south. Meanwhile, Route 114 and the Lawrence MBTA station can be accessed through the Casey Bridge.

Many Types of Developments Are Available

Within this community, there are a number of different development options. Because of its size, condos and apartment complexes tend to do fairly well in the area. The many workers in the region need a place to live, and real estate prices are only continuing to increase. This gives investors the opportunity to create residential properties to rent or sell to the community.

Investors also have the option of holding on to their property while it accrues in value. While investors will not bring in rental or business income during this time, they can enjoy a low-cost, low-maintenance investment. While the property gains in value, the investor only has to pay for minimal upkeep and property taxes while they wait.

Savvy investors can also transform their vacant lot into a new business. This type of business could be a basic shop, or it could be a large manufacturing company. The area already has a number of industrial sites, so investors can easily find workers who are skilled at manufacturing. For a more passive business, investors can create a commercial development and rent out units to local businesses. This option allows the investor to gain rental income in the short term. Later on, the property can be sold at a profit for a lump sum amount.

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Land for Sale