Saugus Land for Sale
Why Investing in Property Here is a Good Idea
With a North Shore location a mere ten miles from Boston, Saugus is a great place to consider buying land that is suitable for virtually any use. Getting in touch with one of our real estate professionals today will help you get started on that ideal investment.
Geographic Location
This town of 26,000 is in Essex County. Neighboring Revere's Point of Pines neighborhood is the only thing that separates the community from Massachusetts Bay, making it very close to being a coastal community. In addition to a river that shares the town's name, you'll also find Walden, Hawkes, and Birch ponds.
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There is a lot of natural marshland here, including the Rumney Marsh, Breakheart, and Lynn Woods reservations. Most of the population here lives in the city center and east parts of town, along with the neighborhoods of Cliftondale, Lynnhurst, and Pleasant Hills, which are some of the most desirable locations in this community.
Some nearby locations that share borders include Revere, Melrose, Malden, Wakefield, Lynn, and Lynnfield. Other places within a short driving distance include Boston, Salem, Cape Ann, and southeastern New Hampshire.
Major routes include US Route 1, which leads to the 128/I-98 interchange in nearby Lynnfield. Massachusetts state highways here include Route 129, 107, and 99.
There is MBTA commuter rail service here, as well as Blue Line subway service. The MBTA bus service is also well-represented here.
What Kinds of Developments Could You Build Here?
One of the things that is helpful for anyone developing property in this area is knowing how many different opportunities there are. From newer homes in some of the most desirable neighborhoods to commercial opportunities on major roads with high visibility, you have some promising opportunities to work with in your search.
Homes
Several home styles are popular in this community. Cape and Colonial-style homes with the latest amenities in high demand, such as finished basement rooms suitable for office or extra living space, will always attract buyer attention. Another, more contemporary option includes ranch homes with open kitchen and living areas.
Constructing a home in a multi-family style is one way to get the most out of it. You could market it as a property ideal for renting out one floor or section as a rental. Another possibility is selling it as a property that the buyer can use as a mixture of a residential and commercial property.
Apartment Buildings
Apartments in this town have average prices of $1,400 to $2,000 or more per month. Most have two or three bedrooms, but there is also a market for studio-style units. Should you choose to develop a building that offers multiple floor plans, you'll stand decent chances of getting a good return.
Pool areas and clubhouses are community amenities that are always in demand. Unit amenities worth considering include gourmet-style kitchens. The perfect combination of community and individual unit amenities will make the difference for potential renters.
Commercial Investment Properties
The town has a very business-friendly atmosphere, which is evident in the number of industrial and office complexes here. Many of the companies currently operating in the area have been here for a long time. The local business-friendly reputation helps create an environment where companies are likely to succeed.
One prospect that has become very popular is developing properties suitable for mixed use. Buildings designed for office space on ground floors and residential areas on upper floors are ideal for attracting a healthy mix of tenants.
Retail Space
Shopping centers have always done well in this community because of its location. Any place that has easy access to Route 1 will have fair chances of generating a good income. A development that has excellent visibility, more than one option for storefront sizes, and sufficient parking will have the traffic needed for success.
Considering free-standing buildings is also worth your time. Many retailers have specialized needs that include having a free-standing structure where further renovation is possible. Corporate-owned locations usually have specific layout and design standards, which makes a free-standing building all the more important.
There are enough opportunities available in a town such as this one that the most ambitious residential and commercial developers will have a wealth of opportunities awaiting.
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Land for Sale