Shirley Land for Sale

Why Should You Buy Lots Here?

Shirley is a small, Middlesex County community 50 miles from Boston to the west/northwest. The town has a population of approximately 7,200. Consequently, land for sale becomes available less frequently than in some nearby communities. The town has a land mass of approximately 15.8 square miles and is suitable for dense land development projects. The primary reason that developers should consider building lots here is that there's a small business community that's open to expansion and poised for growth. Businesses that are geared toward serving the needs of the community would do well here. Rural lots of two or more acres can run in the $200,000 price range and are suitable to build single-family homes. Lots of 1.45 acres are ideal for a single or duplex home. Searching for that ideal property to develop is easier when you sign up to search our vast online listings of commercial property.

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Land for Sale

Geographic Location

The borders of this town include the Nashua and Squannacook Rivers. The Nashua is one of the tributaries of the Merrimack River which flows between Massachusetts and New Hampshire. The Squannacook is one of the Nashua River's tributaries and part of the watershed of the Merrimack River watershed that flows into the ocean. Some of the communities that are within 15 miles include Leominster, Lunenburg, Fitchburg, Groton, Pepperell, and Townsend. The closest city of a substantial size is Lowell, 23 miles away.

What Types of Developments Could you Build?

Some of the existing parcels of land for sale already have utilities, a well, and a septic system. Other parcels have a design for the septic system that must be installed. The land is zoned for residential homes. Additional land for sale is zoned for one or two homes that could accommodate up to six bedrooms with existing utilities at street level. The town has several lots that could be developed for apartments or commercial use.

Homes

One option for developers is to construct condos in the rural areas of town for buyers who want to own their home but don't want to deal with maintenance and landscaping. Many condos here have 1,200 or more sq. ft., feature two bedrooms, two baths, and are reasonably priced for first-time buyers. Spacious, open concept homes in new subdivisions are in high demand. Buyers are in the market for homes with extra-large master suites, home offices, and a family room for entertaining. Large tracts of land of up to 10 acres are ideal for several, single-family homes or to develop as a horse property. Some investors are moving mobile homes to available lots as a source of income. The median price for homes in this community is $370,000 and a price of $145 per square foot.

Apartment Buildings

Some investors are getting a good return on apartments in this community. Some one-bedroom units are available for as low as $850 per month. Two-bedroom units average between $1,300 and #2,175 and feature amenities that include an eat-in kitchen with custom cabinets and new appliances. many apartments are within walking distance of the train station; a plus for commuters. A lot of the apartments are townhouses designed for the maximum amount of space, with a dining room, living room/den area, bedrooms on the second level and a loft overlooking the primary living area that can be an office or study.

Commercial Investment Properties

Developed properties are more common in this community than parcels of land that are available for development. Victorian-era buildings, especially those located near the center of town, have been renovated and retain a lot of their original features. The downtown setting and proximity to the MBTA station nearby, make them the ideal investment for creative developers. Some commercial properties for sale may have an existing retail business that could be transformed to suit the needs of the investor. The gross leasable area could be 6,000 sq. ft. or more with median prices of $499,000. In some cases, the owner may include existing inventory in the sale price. Existing apartment buildings are more common here and could realize an income of approximately $144,000. Prices for buildings with 8 to 10 units are priced in the $925,000 range.

Retail Space

Class C properties on Shaker Road adjacent to Phoenix Pond, are among the historic structures that have been preserved and are available for retail businesses or professional suites. Several of the buildings in what is Phoenix Park are constructed from brick with a lot of windows and natural light. More than 280,000 square feet of leasable space is in these buildings, which are in a desirable location close to the Downtown area.

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Land for Sale