Millbury Land for Sale
Why Buy Lots Here?
Millbury land is a good investment to consider regardless of whether your intentions include residential or developments. This town features one of the better locations in central Massachusetts, with several unique options for both residential and commercial developers. Contact us today to learn more about how to get started buying the ideal property for your needs.
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Land for Sale
Geographic Location
About 13,000 people call this town home, and with a location south of Worcester, it is convenient for everyone interested in relocating to this area. Massachusetts 146 and the Mass Turnpike both put much of the rest of the state within easy reach. Nearby towns include Grafton, Sutton, Oxford, and Auburn.
One of the most interesting things about this community is that it's the northernmost location in the Blackstone River Valley. There is a bikeway that provides connections to Worcester, as well as a future connection to Pawtucket, RI that will greatly increase local access to everything that this area offers.
What Kinds of Developments Could You Build?
Lots ranging from slightly over an acre in size to well over 20 acres were attracting a lot of attention early in 2018 for many prospective uses. The prices ranging from $135,000 to slightly over $1 million are certain to suit all needs and help you enjoy solid returns.
Homes
Multi-phase subdivisions with custom home designs have become very popular in this area, offering a bit of luxury living and multiple floor plan sizes. Designing these developments to allow for upgrade options will be sure to attract buyers who plan to retain their property over a longer term.
Townhouses have become popular since the mid-2000's, and proximity to local roads have helped contribute to their popularity. Building townhouse complexes and offering units for sale is one way to enjoy good sale prices in the mid-$300's, and there is also a good market for condo buyers to rent their units out.
Also consider the possibility of putting properties for sale or rent on a riverside lot or a lot along Lake Ramshorn, which offers one of the town's most beautiful settings. These types of lots are perfect both for those seeking a year-round home to enjoy or for those wanting to create beautiful summer homes.
Apartment Buildings
Most of the apartments in this town are located within houses where part of the space has been converted to create studios or small units. Because of this situation with few local apartment complex options, you are likely to find a real need for apartment complexes in this area, especially among renters looking for units with the top amenities.
In addition to complexes, houses built in a duplex style can offer a lot of options for renters who want a lot of space without the extra upkeep involved with a house. Two-story layouts that often feature enclosed porch areas and at least some yard space have a lot of appeal.
Commercial Investment Properties
This area has seen a lot of development in recent years, including the addition of a second Mass Pike (I-90) exit. Such easy highway access is a major draw for prospective commercial renters and buyers.
One of the best things about building commercial property in an area such as this one is having plenty of space to construct buildings as big as you'd like them to be. Office buildings with multiple suites, as well as flex properties, both work well in this setting.
Retail Space
A 70,000 square foot mall, constructed in 2004, was one of the biggest developments to arrive in the area. This complex includes stores, restaurants, and a movie theater, demonstrating that there is a need for all kinds of retail property that renters or buyers will have an interest in when looking to expand in this area.
However, even with a large mall property being in the area, there is still a need for smaller buildings to handle the needs of retailers who have more modest needs for their business. Constructing a building or buildings right on one of the main streets in the downtown area is a good way to ensure success.
When you decide to develop one of the many lots available for sale in this area, you'll have a good chance of getting a great return on your investment.
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Land for Sale