Leominster Land for Sale

Located in Worcester County, this city is a good spot for investors because of its location. It is the second biggest town in the county and is located just west of Boston. Route 12 and Route 2 both pass directly through the town. Meanwhile, Route 13, Interstate 190 and Route 117 all start or end within the community.

Click Here to Search

Land for Sale

The median sales price for a home in the area is currently at $230,000. In the last year, home sales advanced by $10,100. The average price per square foot shot up from $150 to $164. Since home prices have advanced by 5 percent in the last year, investors will have to move quickly if they want to buy the right property at an affordable price. Because of the thriving economy, location and local amenities, this area is expected to enjoy continued increases in property prices.

Why Investing Is the Smart Choice

Within this community, investors will find a number of different real estate options. As long as the property is zoned for commercial or residential space, investors can create the building they need for their future business plans. This area is a top spot for investors because of the low real estate prices. Compared to Greater Boston, many of these properties are half the price or less of a similar property in the city.

The many recreational options are a popular amenity for residents. Because of the tranquil ambiance and many parks, renters and home buyers are drawn to the region. Investors can build residential developments and quickly find buyers for their property. In addition, investors can also create apartment communities that cater to the many renters in the area.

While there are many properties available, finding the right one can be hard. If you need help starting your next real estate search, Boston City Properties can help. Our team of experts can help you locate the perfect property and start your investment journey.

Discover a Desirable Location

This community is bordered by Lunenburg and Fitchburg on the north. The southern border is made up of Princeton and Sterling. While Westminster is found on the west, Lancaster is located on the east. The entire community spans 29.8 square miles in size. Within the community, investors will find riverside properties since the river actually runs through the eastern and northern side of the city.

For rolling hills and rugged terrain, residents can head to the northern and western side of town. A state forest is a top spot for building luxury properties with beautiful, secluded views. Within the town, residents will find several smaller villages. French Hill is placed between 1st Street and 12th Street. This large hill includes triple-decker apartments and several shops. Other villages within the town include Rice Hill, Morse Hollow, the West Side, North Leominster, the Flats, the Car Barn area and the Bowery.

Because of the state parks and hundreds of acres of open spaces, this area is a popular spot for residents. Investors can build housing developments or apartment complexes near these natural features. Since many of the natural features are designated as protected land, investors can enjoy having scenic vistas that remain for the duration of their investment.

Many Types of Developments Are Available

The first step is finding the right property. Before investors buy land in the area, they should make sure that it is zoned for their future development. Once the property is purchased, it can be transformed into a variety of different commercial or residential structures. Investors can also keep the property vacant with the goal of selling it at a profit once prices rise in the future.

Because of the local amenities and natural beauty of the area, many investors choose to make residential developments like condos, townhouses and apartment homes. In addition to residential options, investors can also create commercial buildings. These sites can be turned into shops, industrial factories, restaurants or other commercial options.

In Central Massachusetts, this city is one of the biggest destinations for shoppers. There are many shopping malls in the area, so creating a storefront or a new shopping venue is always an investment option. Investors can also build structures like restaurants or gas stations to support the shoppers that flood the area.

Click Here to Search

Land for Sale