Norfolk Land for Sale

Why Buy Lots Here?

Norfolk offers a nice blend of small-town living, coupled with relatively easy proximity to Boston. Contact one of our real estate professionals to learn more about how we can help you with buying and developing a lot.

Click Here to Search

Land for Sale

Geographic Location

One of the best assets that this town offers is being within a 30-minute drive from Boston, in a convenient part of Norfolk County. The town has been an independent entity since 1870, having been parts of Medway, Walpole, Franklin, and Wrentham originally. In addition to these towns, the community also shares borders with Millis, Medfield, and Foxborough.

There is an MBTA station for greater convenience in the northeastern section of town. Even though both Boston and Providence are within reasonable driving distance, having a car-free option always comes in handy.

What Could You Build Here?

Prices that start close to $200,000 for nearly an acre will give you a lot to work with if you want to enjoy a good return. From purchasing a lot to build a custom house to setting up commercial space, you'll find a lot to work with here.

Homes

Building a development that allows buyers to enjoy a custom home is one way to fill a housing need for people in this area. Professional landscaping and larger lots that allow buyers to enjoy their space to the fullest are always going to be in high demand, and homes with such features are likely to get prices in the mid to high 700,000's.

Game rooms, media rooms, and family rooms are examples of additional ways you can put the living space to use. Gourmet kitchens and large pantries round out how you can get the most out of your living and dining space.

Master suites are considered an essential part of most newer homes, with extra closet space also being in high demand. A home office or other downstairs room with a separate entrance also offers the possibility of an apartment that you could use to make the most of your investment.

Apartment Buildings

This small town has more apartment units nearby in other towns than in the community itself. There are few apartment buildings, which emphasizes the need for more buildings and complexes.

Studio to three bedroom units are all in demand, and rent prices average between $1,300 to over $5,000 a month. This variation in pricing gives you the chance to enjoy a decent return on the money you spend on the property and offer your available units across a variety of budgets.

Outstanding community amenities make all the difference for many renters trying to decide between different buildings. Package lockers and Internet lounges are examples of amenities that stand out for many prospective renters. The more typical amenities, like bike storage and grilling areas, also make a difference.

Commercial Investment Properties

Rental prices as high as $1.42 every month are a good incentive for anyone who is thinking of constructing a commercial building. From buildings that accommodate restaurants to warehouses with outside storage, there are enough different buildings to give you a lot of ideas.

Lots of easy proximity to Route 115 or Route 1 are likely to attract a lot of traffic. A lot that's more scenic can be a great location for company headquarters. More companies are choosing locations somewhat removed from a lot of activity, making suburbs a good choice.

Retail Space

One of the most important things to remember when constructing retail property is to keep future expansion in mind. The demand for local retailers often tends to keep growing, regardless of the population size, as many prefer to shop at stores closer to their neighborhood.

Developing a building or shopping center that allows for mixed use as a good way to attract a larger pool of prospective renters. Having one or more restaurants in the vicinity is a major draw for convenience shoppers. Also allowing for office space in the same development is another smart move worthy of consideration.

Another possible use that's popular in many larger communities is having a mixed-use development that has residential and commercial property. Many prospective buyers or renters will find having their home within easy walking distance of stores very helpful. You will probably have a good chance of seeing the property's value increase by a significant margin if you think outside the box.

Developing a property to suit local needs is a good way to help you get the most out of your purchase.

Click Here to Search

Land for Sale