Methuen Land for Sale

Investing in Methuen land is a smart idea because of the range of options in multiple price points, from under $100,000 to the mid-$600,000's. Contact us today to get started, so you can take advantage of the opportunities that buying lots here offer.

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Land for Sale

Geographic Location

This city has been a part of the local fabric of the area since 1725 and seen continual population growth since the early 1800's. Its location on the Spicket River has been one of its biggest economic advantages.

Over 47,000 people live in this city, which has been the object of a lot of important development both during the textile mill era and in modern times. Broadway, Hampshire, Osgood and Pleasant Street are all locations that have been important in the business community.

In addition to the Spicket River, the Merrimack also flows through here and has an island known as Pine Island within its confines. Smaller brooks and streams, as well as ponds, dot the city's landscape.

The city is also host to Tenney State Park, a bird sanctuary, and a small forest. The location falls within the confines of two metro areas, with Manchester, New Hampshire located 25 miles away and Boston 30 miles away.

Interstate 93 serves the city with three exits, and part of 495 goes through here. A loop, 213, provides a connection between these two interstate highways, and Massachusetts routes 28, 110 and 113 go through town.

Bus service from the Merrimack Valley Regional Transit Authority is offered in town, with service to other nearby locations. A commuter rail station may be found in nearby South Lawrence, which has service all the way into North Station in Boston.

What Could Be Built Here?

A city that has as many opportunities as this one does is a good place to consider for virtually any development.

Homes

Home values in the high $200,000's to the low $400,000's are typical of many area homes, assuring good sale prices for any properties you choose to develop. Homes with at least three bedrooms have been in some of the highest demand in 2018.

Although the majority of the homes in the area are not recent construction, they do provide a good idea of what you might entice buyers with the most. Some of the most popular home styles include split-level, Gambrel-style, and ranch.

Apartment Buildings

Although many apartments in this community are within converted or multi-family houses, there are also several complexes that provide an accurate look at popular amenities among apartment residents. Studios and 2-bed/1-bath plans are popular, with many rent prices averaging between $1,395 and $1,675 a month.

Designing these buildings with designer kitchens and patio or balcony space is certain to be a winner with people searching for the perfect unit for their needs. Another selling point for many looking for apartments is a unit designed with pet-friendly, particularly dog-friendly, amenities.

Commercial Investment Properties

This community attracts a lot of commercial traffic, which makes business developments good investments. Lowell and Broadway are both streets that are ideal for office or warehouse space.

Some of the most high-demand properties rent for prices of $1.58 per square foot monthly, and this average is expected to increase. The selling price for many of these buildings averages anywhere from $500,000 to $3,000,000, assuring you of a good price when and if you decide to sell your building.

Retail Space

One of the good things about offering retail space in a development is that you can offer as few or as many spaces as you wish. Having a lot of traffic through the area makes a real impact that you could see benefits from shortly after offering your spaces for lease.

A few of the types of businesses that are common at shopping centers in this area include clothing stores, supermarkets, coffee shops, and even movie theaters, all of whom are likely to represent larger chains willing to pay good prices. Offering shoppers the chance to do their shopping, dine, and take advantage of entertainment in one location is a selling point for retailers looking for space to lease.

Any use of a lot in this city is likely to give you a good return on your investment, so you'll enjoy a win-win situation for both you and any buyers/renters.

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Land for Sale