Reading Land for Sale

Why Should You Invest in Property Here?

Reading is, without a doubt, one of Massachusetts' best spots to live. Get in touch with one of our real estate professionals today so you can get to work developing land here as soon as possible.

Geographic Information

This community is part of the Greater Boston area, but very distinctively small-town with a total of 24,000 residents. Residents here preserve their community's character while remaining open to reasonable growth.

The town is 12 miles away from Boston, putting a lot of great opportunities within easy reach. Those who prefer traveling to Boston by train will find their trip takes a convenient 25 minutes.

Driving to different areas around the state is made easier with I-93 and I-95/Massachusetts 128 coming through town. The MBTA has commuter rail service that runs to North Station in Boston, as well as bus service.

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What Types of Developments Could You Build Here?

Undeveloped lots range from about $199,000 to $450,000. Although some of these lots are close to houses, they usually average about half an acre and provide a lot of space for any use that you can think of when you're thinking of how to utilize the space best.

Homes

Colonials with energy-efficient features are some of the most popular options for new construction and will give you some helpful ideas about how to build new homes here that are certain to attract buyers. Open plans that maximize natural light are popular choices for all homes. Eat-in kitchens with islands and nooks will help meet the buying criteria for many prospects.

Another type of home style that can fit the bill for many home shoppers is the split-level house. Oversized dining areas that naturally flow into the kitchen and living areas make this style ideal for regular entertaining. You'll be able to attract buyers with interest in using the space in flexible ways.

Apartment Buildings

All sizes are in demand, from studios up through three bedrooms. The rental prices average anywhere from $2,586 to $4,132 per month, which should be an encouraging figure for anyone who wants a good investment. There are community amenities that are popular choices, like pools and common areas.

However, the apartment amenities also make a significant difference. Kitchens are areas of the home that attract a lot of attention, and offering a lot of cabinet and pantry space is one thing you can do to get the attention of renters.

Commercial Investment Properties

Both the retail and service industries account for much of the local economy, making both of these good choices to pursue. With this being the case, you'll want to take full advantage of the opportunities that providing space for these companies offer. If the buildings that you choose to develop are suitable for multiple uses, you'll be able to serve future tenants better.

Office space is in reasonably high demand here, and you're likely to see good rental prices for all units. A lot that has easy highway access will make it easier for the building to attract the traffic necessary to sustain a steady business. Making sure you provide adequate parking will also make a difference in getting the business you need, as most companies are concerned about adequate dedicated parking for their employees.

Retail Space

Retailers in this area will experience a wealth of opportunities because of the location and existing demand for retail businesses. Shopping centers have an excellent chance of success and offer a diverse range of possibilities. Because so many people visit this town for shopping, you won't go wrong by providing a shopping center where you can host some of the most popular retailers in the area.

Mixed retail and residential buildings are also worth considering, as they are a popular option in the Boston area. These developments provide an extra layer of convenience for residents who like to have their living space, stores, and restaurants in easy proximity to each other. Placing a development of this type near one of the local transportation stops will have serious appeal.

Using your new lot for either residential, commercial, or some mixture of the two property types is sure to help you enjoy the best possible return on your investment.

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Land for Sale