Salisbury Land for Sale

Why Buy Property Here?

Buying land in Salisbury is one way to take advantage of the town's popularity as a summer vacation destination. Getting in touch with one of our real estate professionals will help you decide how to go forward with your plans.

Geographic Location

This community is on the New Hampshire border and has about 8,000 people. It is also in Essex County, which hosts many of the smaller towns north of Boston.

This location is at the mouth of the Merrimack River, which empties into the Atlantic Ocean. Some of the nearby communities include Amesbury, Newburyport, and Seabrook, New Hampshire.

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Land for Sale

There is also a state beach reservation that includes the entire seacoast and two islands in the Merrimack River. Marshes and several creeks and brooks also help make up part of the local landscape.

Roads providing easy access include US 1, I-95, I-495, Massachusetts 286, and Massachusetts 110. Commuter rail service is in nearby Newburyport, and there is bus service that the Merrimack Valley Regional Transit Authority provides.

What Types of Developments Could You Build?

There are so many different options you could go with while developing properties here that you'll have a sure chance to enjoy a good return. Parcels available usually feature over an acre and feature zoning for multiple uses. Choosing lots next to popular areas will offer the best range of amenities for buyers.

Homes

Oceanfront homes are always worth considering because of their demand level. Maximizing the space inside the provide for entertaining will help you take full advantage of the features that buyers want. Considering building such houses with "green" features will also increase your chances of finding interested buyers.

A multi-family home that allows you to rent out at least one unit for the extra income is always a winner in areas such as this. Renting out a unit in a multi-family house is not only suitable for renting to residential tenants but is also an excellent way to make an income from local tourists. Travelers often prefer to lease all or part of a house during their travels because of the greater privacy it offers over a hotel.

Apartment Buildings

Constructing apartment buildings near the beach is another way to suit the needs of people in the area who want housing. 2-bed/2-bath floorplans are in the highest demand among apartment shoppers in the area. With some units in this area getting prices of $1900 to $2100 per month, you stand excellent chances of getting a good overall return on your investment.

A pool and fitness room are two amenities that are highly popular in this area. Units with private balconies will also attract a lot of attention. As with any other property in this area, proximity to the beach will make a significant difference.

Commercial Investment Properties

The areas near both interstate highways are prime spots for office locations. You'll enjoy excellent visibility in such sites. Average rent prices of $1.83 per square foot each month will help assure you of getting a decent return on your investment.

Businesses that want a presence in this part of Massachusetts will benefit from renting office space in this area. Choosing a lot with ideal frontage will make a difference in its accessibility. Accessibility is one of the things that will help determine how many companies prefer to use your space, so keep this in mind when choosing a lot to develop.

Retail Space

The town has a boardwalk associated with its beach area that always attracts a lot of traffic. Arcades, restaurants, and shops are abundant in this area. Building retail spaces here will be a good way to benefit from the tourist traffic during the summer.

Strip malls and free-standing buildings alike enjoy sales prices in the $800,000 to $900,000 range. Adding features that allow such spaces also to be used as restaurants, such as takeout windows, is sure to add value. Structures that can also be used as arcades or other entertainment centers are likely to be in constant demand.

There are enough possibilities for developing property in this area that you'll benefit from your purchase in any case, probably in less time than you expected.

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Land for Sale