Milford Land for Sale

Milford is a town in Worcester County of about 28,000 people that's a good place to buy land for whatever your desires are. Contact one of our real estate professionals today to get started on buying the right property to suit your needs, and you'll be on your way to a rewarding experience.

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Land for Sale

Geographic Location

The town, with a history that dates back to 1780, has long been a center of commerce because of its location. This community includes the source of the Blackstone River watershed, the Charles River, the Mill River, and a unique pink granite supply in high demand.

Several state highways, 16, 85, 19 and 140 all run through town, making multiple nearby communities readily accessible. You'll also find I-495 going through here, with exits onto routes 85 and 109.

What Types of Developments Could You Build?

Lots prices that average between $59,000 and $359,000 provide a wealth of opportunities for whatever you wish to build on your lot. The prices that you could sell the resulting properties for are likely to give you a very good return on your investment indeed.

Homes

Larger, custom homes are likely to attract interested buyers in fairly short order. Colonial styles with large master suites and attached garages represent some of the more popular homes that sold in early 2018, which should give you some inspiration as you decide how to make use of the property.

One trend many builders have started to take advantage of is including a third floor that is easy to renovate into additional household area, or possibly apartment or condo space. When deed restrictions or zoning laws allow for it, many homeowners like to use this extra space as an investment.

Utilizing the space to create a townhouse-style condo development also fills a need for this area. Crafting buildings with features that include open floor plans and gourmet kitchens is one way to appeal to those who want to own a home without dealing with maintenance concerns.

Apartment Buildings

Existing apartments in this community include some excellent amenities, like pet-friendly policies and the option of furnished units. Considering amenities of this type is one way to help make any apartments that you build attract the top prospects.

Large kitchens and living areas suit the needs of many searching for the right apartment. Adding deck or patio space to a building is certain to help increase the overall interest in what you have to offer.

Commercial Investment Properties

Ideal commercial building locations include Main Street and Route 109. Rental prices of $800 to $1,500 a month will assure you that you've made a good choice, as well as building sale prices averaging between $300,000 and $700,000 for smaller buildings.

Designing the building for an attractive, inviting appearance that goes well with the rest of the downtown landscape is certain to attract renters. Even though the exterior does not usually matter as much for office spaces, you might find a lot of prospective tenants interested in a convenient downtown location.

Subdividing office spaces can prove helpful for renters who are in the market for a smaller space. In recent years, shared office space has become more common, and developing an office building that makes this option possible is one possibility to consider. No matter how you choose to put your space to use, using a bit of creativity in your marketing is sure to pay off.

Retail Space

The easy accessibility of the highway helps make this community a good choice for store owners looking to expand. Choosing a space that's close to existing stores or restaurants is a good way to ensure that what you put on the space attracts plenty of traffic.

Smaller, free-standing buildings suitable for store space are likely to attract a lot of attention from both buyers and renters. Although many will prefer to buy the building outright, many long-term renters in properties with ideal locations are paying prices of $1,500 to $2,000 per month.

Building a shopping center is another way to take advantage of property to develop. Some companies are willing to pay as much as $17 per square foot, which is certain to offer a great return, especially when they choose to combine spaces for even more room.

Developing a lot that you've purchased is always rewarding, regardless of whether it involves commercial or residential space.

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Land for Sale