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Marblehead Land for Sale

Located only 18 miles north of the city of Boston, this community is famous for its narrow streets and quaint, historic buildings. While many building sites already have structures on them, there are a number of vacant lots still available within this small town. With a little luck and a lot of research, investors can find the exact property they need for their next investment plan.

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Land for Sale

Because of its bucolic streets and desirable properties, the average home in this area is a bit pricier than surrounding homes are in surrounding cities. At the moment, home buyers can expect to pay a median sales price of $622,500. This marks a $5,500 increase from the previous year. During the same time period, the average price per square foot rose from $315 to $323.

Why Investing Is the Smart Choice

Because this town is so densely settled, finding vacant lots can be rather difficult. For decades, this town has been a top spot for recreational boating, fishing and sunbathing. Because of its location and local amenities, this community is ideal for investors who want to create a resort or a tourism-related business. Vacant lots can also be used to create luxurious, seaside condos or apartment homes.

Since this city contains so many residents, finding the right property is not always easy. If you are struggling to find an undeveloped lot within the community, Boston City Properties can help. Call or email us today to find out how we can help on your real estate hunt.

Discover a Desirable Location

Placed within Essex County, this community is located along the coast. Popular building sites in the community are often within view of the ocean, but there are also natural reserves that luxury properties can be built next to. For scenic, natural vistas, builders can construct properties that overlook Crocker Part, Marblehead Neck Wildlife Sanctuary or Devereux Beach.

Known for its recreational boating, fishing and yachting, this community spans 19.6 square miles in size. Placed on the North Shore of the Massachusetts Bay, this town sits on a peninsula that extends into the bay. Residents will also find several islands in the bay that are actually a part of the town.

This town is placed just 12 miles to the southwest of Cape Ann. It is located 4 miles from Salem's city center. To reach Boston, residents have to drive 16 miles to the southwest. On the south side of town, residents will find the city of Swampscott. While Salem borders the town on the northwest, the rest of the town is surrounded by water.

Within the town, residents will find three different villages. Old Town, Clifton and Marblehead Neck all have unique environments and cultures. Because of the town's placement on a peninsula, all three sections of town are thickly settled. Within the community, residents will find the eastern ends of Route 129 and Route 113.

Many Types of Developments Are Available

With a vacant lot, investors get a number of development options. Some investors choose to never develop the property. Since property values rise over time, a vacant lot can be held for years until the price has appreciated significantly. Afterward, the investor can sell it. Unlike developed properties, vacant lots require minimal amounts of upkeep. Because of this, they are a popular option for investors who want to buy and hold real estate while it appreciates in value.

Other than just holding the land, investors can also choose to build new developments on it. Depending on the property's zoning requirements, these developments could include commercial or residential buildings. For commercial options, buyers can create retail space, office developments or industrial buildings. These spaces can be used by the owner for their own business or rented out to others.

For residential options, investors can build housing developments to sell or rent. They can construct single-family homes, condos, duplexes and townhouses for buyers in the area. In addition, the investor can also create apartment complexes, townhouses or single-family homes to rent out to tenants in the area. As long as the investor has the right permits, they can construct the business, rental units or home that they want.

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Land for Sale