Lexington Land for Sale

Placed within Middlesex County, this town is one of the wealthiest small cities in the country. Like much of Greater Boston, these homes are in high demand. Finding vacant lots in the area can be difficult,and unused lots are fairly rare. Luckily, this means that investors can enjoy having a good growth on their investment. As these vacant areas become even rarer in coming years, the investment will only grow in value.

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Land for Sale

Business and residential properties are often a good investment in this area. The current economy includes major employers like CareOne, Agilent, MIT Lincoln Laboratory, Global Insight and Stride Rite. These major employers mean that there is a strong demand for residential properties and apartment homes. Investors can use vacant areas to create single-family homes, condos or apartments and find plenty of potential buyers.

Because of the community's affluence and desirability, the median price for a home is fairly high. Right now, homes sell for a median price of $976,000. This is actually a decrease of $23,054 from the previous year. At the same time, the average price per square foot rose from $452 to $516.

The increase in square foot costs and the decrease in median prices represents a trend toward smaller properties. With some homeowners getting priced out of single-family homes, condos, duplexes and townhouses are becoming a viable alternative. For potential developers and investors, this trend offers an easy way to get into the residential marketplace. Investors can create residential communities that can then be sold at a profit. They can also build luxury apartments or townhouses that can be rented out to residents who are unable to afford the area's housing prices.

Why Investing Is the Smart Choice

Other than its location, this community offers a number of amenities for potential investors. Famed for its Revolutionary War history, this town has a number of historic sites that bring in tourists and history buffs. Because of these landmarks and tourist attractions, investors can easily create businesses that cater to the hospitality industry. Investors can build hotels, restaurants and shops that capitalize on the area's history.

The town also offers investment options outside of the tourist industry. Because of its strong economy and location, shops can also benefit from the growing consumer base. Investors can create commercial enterprises or manufacturing businesses within the city's borders.

Within this town, there are a number of different investment options available. While finding vacant lots in the community can be difficult, real estate experts can help you find available properties. If you need help starting your real estate journey, call Boston City Properties today. Our team of professionals can help you find the exact property that you need.

Discover a Desirable Location

Encompassing 16.4 square miles in size, this community is only 16.3 miles away from Boston. Because of this location, it is a popular spot for commuters who want a tranquil, suburban lifestyle. This town is bounded by the communities of Woburn, Arlington, Bedford, Burlington, Belmont, Waltham, Winchester and Lincoln.

This location is ideal for suburban residents who want city access without the hustle and bustle of city life. With its local amenities, attractions and landmarks, many residents and investors want to move to this city. Once investors buy a property, they can quickly transform it into a money-making enterprise.

Many Types of Developments Are Available

Within the town, investors can create a number of different types of businesses or residential properties. The hardest part is finding an empty lot. If investors can locate the right lot, they can develop it into commercial shops, residential homes, housing developments or apartment complexes.

Since empty lots are in high demand, investors also have the option of just maintaining their lot. Instead of building on it, they can hold the lot for several years as it increases in value. Later on, the lot can be sold at a profit to new investors or developers. During the intervening years, the investor only has to pay minimal upkeep costs and property taxes.

With its desirable amenities and luxurious homes, this community is a hot spot for residents. Investors can use their lot to create apartment complexes that cater to local residents. Some investors also transform their empty lots into condos, single-family homes or other residential developments. As long as the property is zoned properly, investors can build the structure of their dreams and start their next business plan.

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Land for Sale