Maynard Land for Sale
Discover the simplicity of suburban life within this beautiful community. Placed only 22 miles to the west of Boston, this town is a part of Middlesex County. While it may have a small population base, this community has a thriving downtown area. Investors will find plenty of anchor shops for future developments. The downtown area hosts light industry businesses, a movie theater, restaurants, galleries and shops.
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Land for Sale
Bordered by Stow, Acton, Sudbury and Concord, this town's homes have a median sale price of $385,000. In the last year, the median sale price has risen by $51,550. At the same time, the average price per square foot increased from $205 to $232. The rising sales prices indicate a growing real estate market. While home buyers have increased their demand for homes, developers have not been able to fill the gap between demand and supply quite yet. For prospective investors, this makes for an ideal moment to enter the marketplace.
Why Investing Is the Smart Choice
Investors will find several options within this community. While it has a fairly small size, there are still vacant lots in the area. Because of the demand for housing in the area, many developers are focused on building residential properties and rentals. Creating renting units offers investors a way to earn a continued income on their investment. In addition, investors can also consider buying properties in and around the downtown area. As the commercial nexus of town, this section is the best spot for commercial shops, restaurants and businesses.
Finding the perfect property does not have to be difficult. With Boston City Properties, you can get help locating your dream property. To find out how we can help your investment search, call or email us today.
Discover a Desirable Location
Encompassing 5.2 square miles in size, this small town is bordered by Concord, Acton, Stow and Sudbury. Several rivers traverse the town. For beautiful home sites, investors can look at properties that offer riverfront views.
To reach the nearest highways or interstates, residents have to travel eight miles away from the downtown area. Cambridge's Porter Square is 30 minutes away via commuter rail. Meanwhile, Boston's North Station is about 45 minutes away. By vehicle, it is only a four mile drive to reach Route 2.
Many Types of Developments Are Available
The hardest part is finding the right property. Once the investor has purchased the new lot, they can use it to create their dream building. From building a single-family home to constructing a commercial empire, there are vacant lots available for a wide variety of projects.
Before buying any property, investors should always check the property's liens and zoning regulations. In addition, the investor should consider the costs of financing and construction. Sometimes, investors will just buy a vacant lot and hold it. This lot can later be sold once it has appreciated in value. Investors can also hold the lot until they have all of the financing in place for their development project.
With a vacant lot, investors can create commercial businesses or industrial factories. Depending on the lot's size, it could be turned into a single business or an office complex. Investors can use the lot to start their own business or rent to other businesses. Some investors choose to do both options to lower their operating costs. By renting an additional unit to another business, the investor is able to lower the overhead for their own company.
For residential units, investors will find a ready demand for housing. Like most of Massachusetts, this area has a growing need for housing options. Investors can create a housing development to sell or rent to buyers. They can design condos, duplexes, single-family homes or townhouses in an endless array of styles and sizes. The only true limit to building a development is the size of the lot and the investor's financial backing.
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Land for Sale