Medfield Land for Sale

Located within Norfolk County, this lovely town is only 17 miles away from Boston. From the town, it takes just 40 minutes to reach Boston's Financial District by car. While the town may be known for attractions like the Peak House and Hinkley Pond, it offers a number of investment options as well.

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Land for Sale

While real estate properties cost more in this town than in rural areas, the prices are still far lower than investors would find in many Boston neighborhoods. Within this community, the median price for a home is $669,000. During the last 12 months, the sales price has actually fallen by $27,625. At the same time, the average price per square foot rose from $281 to $291.

The falling median price and rising square foot cost reflect a trend toward smaller properties. As real estate prices rise, some residents have switched to buying smaller homes. This has resulted in rising prices per square foot, but a decline in the total price of the home. Since demand for homes in the area is still going strong, investors can expect a decent return on residential and commercial investments.

Why Investing Is the Smart Choice

While the median price for a home may be dropping, the current market trends indicate that prices will be rising in the coming years. Investors can capitalize on the current marketplace by investing in vacant parcels now. As the community grows, many of the vacant parcels are being taken by developers as new businesses and housing developments move to the area.

Because of its location, this community has a suburban environment. It is a great spot for investors who want to sell suburban homes, condos or townhouses. In addition, the downtown section of the community is a great spot for starting a new business. With more residents moving into the city, investors can quickly access a growing customer base.

Navigating the marketplace is not always easy. To locate the perfect parcel of land, call Boston City Properties today. Our team of real estate professionals know what it takes to find the best real estate properties. If you need help finding your next investment, call or email us today.

Discover a Desirable Location

Encompassing 14.6 square miles in size, this community is bounded by the Charles River. This river actually marks the border between the town and the neighboring community of Millis. On the northern border, residents will find the community of Dover. Norfolk is located to the south side of town, and Millis is placed on the west. While Walpole makes up the southeastern border, Sherborn forms the northwestern border of town.

Because the town is only 17 miles away from Boston, it is a popular spot for commuters. It takes less than 40 minutes to reach Boston by car, and many residents regularly commute to work.

Many Types of Developments Are Available

Within this community, investors can build a variety of different developments. From basic houses to office complexes, there are many options available. Before investing in any property, investors should make sure that it is zoned for their future project. In general, the streets around downtown or near the major thoroughfares are some of the best spots for commercial projects.

Investors can also use their vacant lot to start a residential project. Housing projects are in demand, so investors will find an eager consumer base for their projects. Within the city, investors can build townhouses, duplexes, single-family properties or other housing developments. Rental units like duplexes and apartments are also an option.

For an alternative investment strategy, buyers can also do nothing with their property. Many investors buy vacant lots because of the minimal maintenance requirements. For the cost of property taxes and minimal upkeep, investors get a property that continues to accrue value. Once the price has appreciated enough, the investor can always sell the vacant lot for a profit.

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Land for Sale