Melrose Land for Sale

Why Buy Property Here?

Investing in land in Melrose is a wise choice because of its proximity to Boston and its serene setting. Developing in this area is also a good way to take full advantage of a business-friendly setting. Contact us to learn more about how we can help you.

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Geographic Location

One of the benefits of this town is how it offers open space and conservation areas, with a mostly residential setting. The city is only seven miles from Boston, adding to its overall convenience in location.

Ell Pond, Towners Pond, and Swains Pond are some of the main features here that attract a lot of attention from locals. The Middlesex Fells Reservation is also found in the western part of the city, where the area's "green belt" lies.

Other geographic points of interest include the Mount Hood Golf Club, Pine Banks Park, Boston Rock and Sewall Woods.

Nearly 27,000 people live in this community, finding the location very convenient. U.S. Route 1, as well as Interstate 93 and 95, provide easy access to all parts of the Greater Boston area and are all within a few minutes' homeownership.

The MBTA provides service here, with three commuter rail stops and a nearby Orange Line stop. There are also five different bus routes running through the city.

What Could You Build Here?

Small lots of about 8,000 square feet were averaging around $70,000, and lots of almost an acre were on the market for about $300,000 in early 2018. This range of lot sizes and prices will help give any developer a good idea of what they can do with the space that is available.

Homes

Although the city has a high number of Victorian and other historic homes, newer homes will meet a need for many here who are seeking a suburban lifestyle. One of the best things about appealing to these home buyers is that several home styles provide inspiration.

Ranch homes are popular styles for buyers looking for a simplified home layout. Many of these have sold for over $570,000 recently, providing good assurance of selling these types of houses to interested buyers who want to buy something in this area.

Custom homes of 3 or 4-bed/3+ bath construction are also likely to attract the right buyers who are often willing to $1 million or more. Building these homes in a smaller subdivision of fewer than ten homes is a trend worth paying attention to.

Apartment Buildings

Most apartments here, as in other smaller towns in the Boston area, are in conversions from single-family homes or are condos offered for rent. However, complexes that are within a few minutes' drive from this community offer some good insight into what people looking for apartments want the most out of a community.

A choice in the number of bedroom/bathroom combinations matters to most renters, as well as modern floor plan designs. Other options worth considering for building a development are pet-friendly amenities and amenities that appeal to bike and public transit users.

Commercial Investment Properties

With some of the more popular existing office space properties getting monthly rents of about $1.16 per sq. ft., you'll be able to take advantage of attracting renters who are price-conscious. One of the most important considerations you'll need to keep in mind is that the town's layout makes finding a parcel to develop that's close to public transportation a necessity.

There is a spirit of innovation in this city, with changes in zoning laws being gradual but city officials being receptive. Companies doing something new and different will benefit from taking advantage of such opportunities.

Retail Space

Building a retail space close to the other established developments is a good way to attract businesses serious about succeeding. If shoppers can walk to other businesses nearby, you have most likely succeeded in picking an ideal spot.

If you design a space that is easy to subdivide, you'll stand even greater chances of attracting companies that don't require quite as large a space. There are also a lot of local craftspeople who sell at regular events in town, and options that allow them or other small business owners to share space are also options worth considering when creating a development.

With the many residential and commercial opportunities available, you'll stand a great chance of success in all your ventures.

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Land for Sale