Rockport Land for Sale

Why Developing Property Here is a Good Idea

Rockport is a beautiful historic location that is one of the best places to buy land no matter what your intended usage. Get in touch with one of our real estate experts today to get everything started for your ideal developments.

Geographic Location

At 40 miles north of Boston, you'll delight in taking advantage of the hour-long drive from this town that puts Boston's conveniences within easy reach. A couple of the highlights of the town's terrain include hiking paths through wooded areas and beautiful beaches.

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This town of almost 7,000 has the unique distinction of having the Atlantic Ocean surround the community on three sides. Gloucester is to the west.

The community has three islands off its coast, including Milk, Straitsmouth, and Thatcher Islands. Halibut State Park & Reservation includes land that the Massachusetts Audobon Society runs.

You'll find 127 and 127A running through town, putting Gloucester and it's nearby communities within easy reach. Regional bus service that serves the whole Cape Ann area is available. You'll also find a commuter rail station with service to North Station.

What Could You Build Here?

As both a tourist hub and one of the most desirable places to live in Massachusetts, there are numerous options you could choose to make a good return on your investment. Average home prices have been in the mid-$600,000's during 2017 and early 2018.

Homes

Although residential homes are going to be in the highest demand, houses that operate as bed-and-breakfast or other accommodations geared towards tourists are worth a mention. Many travelers prefer these as an alternative to hotels that offers a personalized experience. Renting out rooms or suites as an investment is an excellent way to ensure your lot pays for itself over time.

There are plenty of sources of inspiration you'll want to use when designing residential properties. Living areas that offer a lot of space and beautiful coastal views are likely to attract the attention of buyers. Homes with large windows that allow buyers to take full advantage of all the light are good choices.

Apartment Buildings

Apartment buildings include a mixture of buildings built specifically to house apartments or conversions in bigger houses. 2-bed/2-bath flats in this area usually see average rent prices of $1,400 and up. Decks or balconies with sea views and living areas with built-ins are a couple of the most popular amenities.

Another use for apartment buildings in this area is to rent the units out as vacation properties, especially during the height of tourist season. Furnished apartments offer travelers a more home-like setting than the average hotel room or suite. Renting apartments out by the week during peak summer times is an excellent way to enjoy a good return.

Commercial Investment Properties

If you decide to construct commercial buildings, placing them close to the major routes in and out of town will help ensure you get the traffic you need. Square footage over 12,000 square feet is an option that usually attracts interested parties very readily. The more flexible the building, the better your chances of drawing companies that need flexible space.

Offering more than one entrance to the building for each tenant is one of the best ways to help bring in those with the greatest need for what you can provide. Offices with storage areas and dedicated restrooms offer a higher level of functionality. If you make sure the building has enough parking, you're good to go.

Retail Space

Constructing retail buildings that go well with the existing buildings in the town center will help you attract tenants concerned with having a store that offers a hometown appearance. Traditional cedar shingles are good at providing a classic New England look. Windows designed for maximum display capabilities are always good additions to make the most of the store space.

Whole retail buildings in this area have often seen sale prices of $725,000 or more. Monthly rental prices over $2,000 give investors a reasonable chance of getting a good return on their investment. The easier it is for shoppers to find a building, the better its business will be.

When you decide to develop lots in this location, you'll have a wealth of opportunity allowing you to appeal to residents, companies, and tourists easily.

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Land for Sale