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Needham Land for Sale

Why You Should Buy Property Here

Needham stands out as a community that offers the convenience of proximity to Boston. Buying land here is a good choice because of its location 10 miles outside Boston and 29 miles from Worcester. Contact one of our real estate professionals today to get started.

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Geographic Location

This town shares borders with Newton, West Roxbury, Dedham, Dover, Westwood, Dedham, and Wellesley. 28,000 people lived in this community as of 2010, and it has shown a lot of promise for future growth.

I-95/Route 128 circles the town, with three exits to provide easy access to most areas, including residential and commercial areas of town. You can also easily access 135 here, which gives you fast access to most of the eastern part of the state.

What Could You Build Here?

This town offers some desirable lots that are perfect for a variety of developments, ranging from one to five acres on average. With undeveloped property prices averaging around a million dollars, building on your property is certain to give you a decent return on your investment.

Homes

Large, new construction homes with four or five bedrooms and measuring over 4,000 square feet have been getting sales prices of over a million dollars in many cases. Creating a development where buyers can customize the home they buy is a good way to get the buyers you need.

Drawing inspiration from some of the older houses in town is also good if you're constructing homes a little smaller in size. Ranch-style or split-level homes are a classic style that you may want to consider building new houses in, as well as creating some variation of these styles.

A condominium complex can also serve the needs of and attract buyers who want home ownership, minus high upkeep costs. Larger buildings that offer townhouse or duplex-style units are likely to be good sellers, and you may also benefit from renting out some of the units to those who are waiting for a good time to buy.

Apartment Buildings

Apartments are always in demand, especially among those seeking a pet-friendly place to live who aren't in the market for buying or renting a house. Apartments that are close to local shopping and entertainment are certain to attract renters who treat having local conveniences as being important in their search.

Some larger units have rented for $3,000 to $5,000 a month or more in this community. If you construct buildings with bigger units, you're highly likely to enjoy a good return that will make your investment worth the time and money that you've put into your efforts.

Commercial Investment Properties

With some properties renting for as much as $28 per square foot every month, you'll see a lot of benefit from developing commercial spaces to meet the needs of companies expanding in the area. Allowing subdividing or otherwise flexible use of the space is one way to attract renters whose needs don't otherwise neatly fit any one particular mold with space needs.

In addition to the usual reception areas, you might benefit from adding features that have become popular in other buildings, including patio areas, lounges, and employee fitness areas. All of these types of features have been known to increase employee satisfaction, which in turn allows for these companies to keep expanding.

Retail Space

Retail space is certain to help you make the most of your investment in this area, with some existing retail spaces getting $36 per square foot every month. Choosing a space on one of the town's main streets is certain to attract retailers who need what you have to provide and increase the chances of these retailers choosing your property above the others that are available.

Designing a building with floor space that is easy to subdivide, as well having large windows perfect for display purposes, is one way to ensure that you find retailers needing space right away. Most retailers need space that is easily adaptable to almost any purpose, and the easier you make it for these retailers to adapt the space according to their needs.

Developing the property that you buy is certain to pay off, regardless of whether your use is more residential or commercial.

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Land for Sale