Princeton Land for Sale

Why Buy Lots Here?

Buying land to develop in Princeton is always a smart move for anyone with a desire to take advantage of a place that offers a more rural lifestyle. Getting in touch with one of our real estate experts will put the right property within reach a lot faster.

Geographic Location

This community is on Wachusett Mountain's south face and has an attractive location that includes five historic districts. It's a place with a population of around 3,000, which makes it a genuine small town. As part of a beautiful setting, you'll find it.

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Land for Sale

Its location falls within the confines of Worcester County, making it somewhat removed from the activity of greater Boston, but also close enough to the city conveniences of Worcester. Adjacent communities are Westminster, Sterling, Leominster, Holden, Rutland, and Hubbardston.

What Types of Properties Could You Build?

There are many lots available here at any given time that start in the low $100,000's. Some of these lots may have existing buildings that you could demolish or rebuild, while others are uncleared and offer flexibility in what you can do with them. Either way, the price is right if you're interested in getting a good return on what you buy.

Homes

Beautiful estate homes, many in waterfront settings, are especially popular with buyers who prefer slightly more secluded properties. Many of these houses feature foyer areas that are exceptionally impressive. Private decks, often in more than one location, make it easier for everyone to savor the views of the wooded setting.

There are several types of houses popular in the area, evoking historical styles and modern touches alike. Capes have been popular here for decades, and ranch-style houses follow modern building trends. These houses feature some of the hottest amenities, like kitchens with stone countertops and oversized bedroom closets that will inspire you as you develop the lots.

Building a house in one of these styles will help attract buyers who like many of the features that classic homes offer, while preferring a recently-built home. Another ideal thing about constructing attractive new homes is that they offer possibilities for renters. Many residents prefer to rent while they are searching for the right home, and having a great choice in housing possibilities makes that decision easier.

Apartment Buildings

There are relatively few apartments available at any given time right in town, and most units have a waiting list of a couple of weeks. Most feature a 2-bed/1-bath configuration that is in high demand. Constructing additional apartment buildings in this area will fill a need for renters who might otherwise have to look to surrounding communities to see their needs met.

Current buildings have a classic New England style that beautifully blends in with the town's homes. Putting such buildings in a location that offers off-street parking provides maximum convenience for residents. If the location is within walking distance of local stores or just a short drive from them, you'll be able to offer another great feature for would-be renters.

Another possible option in keeping with the area's small-town character is constructing two or three-family houses. These types of apartment buildings have been popular throughout Massachusetts for many years. One of the things that makes these apartments most attractive is that they offer a larger amount of square footage that usually includes extra deck and porch space.

Commercial Investment Properties

One of the best things for companies expanding into this area is that there is a need for local commercial properties. Several lots were on the market in early 2018 that offer the space needed to build office or warehouse properties. One of the advantages of these properties is that many of them are zoned for multiple uses, allowing you to attract a variety of prospective tenants and sellers.

Professional office buildings are always in high demand, because even small towns are good locations for medical or legal practices. A building with more than one floor can often offer the greatest range of possibilities for prospective tenants. Regardless of the building size, allowing for generous parking space will be one of the factors most likely to attract tenants.

Another option for commercial space involves taking advantage of a trend that is growing in the area - the use of office condominiums. These units provide the same types of amenities that office spaces for rent offer, but with the benefits of ownership. Prospects who want to buy office space without investing in a bigger building are likely to consider one of these units if you offer them.

Retail Space

There are several options for viable retail space, ranging from owner-occupied properties to standalone storefronts. One of the best possibilities involves creating a building with several spaces available to suit the needs of multiple tenants. Keeping an open mind about what types of spaces to build will help you better suit the needs of this small community.

Owner-occupied properties that include both the house and the retail building are popular choices throughout most of the smaller towns in this part of Massachusetts. These types of properties give owners and managers easy after-hours access if an emergency situation arises. Another advantage is that a large enough house on the site could also include a few apartments within that increase the earnings for the property.

Standalone storefronts are ideal to suit the needs of companies that have very specific requirements for how their stores must be constructed. Pharmacies or quick-serve food locations that use drive-thrus are just one example. These types of buildings are going to be in demand as more companies decide to expand into suburban areas.

If you should decide to construct properties that accommodate multiple stores, you are likely to enjoy a good return from making this investment. For many shoppers, having multiple retailers under one roof is a convenience that they want to take advantage of whenever possible.

You'll be able to take advantage of a wealth of opportunity with all the ways you could develop lots that you buy.

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Land for Sale