Southborough Land for Sale
Why Should You Buy Lots Here?
Southborough is one of the smaller towns in Worcester County with approximately 9,800 residents, but it has a good selection of properties for sale or lease. The community is west of Boston, 30 miles away and is primarily residential. The primary roads in the town are zoned for light industrial use, mainly along Route 9. Several districts that are zoned for businesses also lie along Route 9 South. Most of the lots here are zoned for retail or office spaces. Approximately 14.2 square miles of the land area is inside the town's limits, making it an ideal choice for the investor with a lot of creative ideas.
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Geographic Location
The three villages in this eastern Massachusetts town are Fayville, Southville, and Cordaville. The community's total area is 15.7 square miles, with water covering 9.64 percent. The closest towns are:
- Ashland
- Hopkinton
- Framingham
- Marlborough
- Northborough
- Westborough
The Sudbury Reservoir covers approximately one-tenth of the town. The Sudbury Reservoir Trail and Breakneck Hill are the primary recreation areas in the community. The town is easy to access from Boston or any point in the eastern section of the state from Interstates 90 and 495, and Routes 9, 30, and 85.
What Types of Developments Could you Build?
The urban density in Southborough is quite modest, so it's a prime location for a visionary investor. The median price for homes in this community is $677,000, which makes property extremely valuable. Land prices are considerably higher here than anywhere else in Massachusetts or the rest of the country, and the value is going to continue to rise. Investors could develop properties here for professional office buildings, medical practices or retail outlets.
Homes
Residential developers are wise to consider this MetroWest community when building single-family homes. Prime lots are available for development. Buyers considering this community want custom-designed homes in an open concept with generous areas for entertaining. Massive, master suites with vaulted ceilings, gourmet-style kitchens, and second-level laundry areas are concepts that are trending with buyers. Another option for investors is condo developments; ideal for buyers who want all the perks of ownership including building equity, without taking on the maintenance and repairs of the property. Most of the condos in this town are in the $500,000 - $600,000 range with two bedrooms and two baths.
Apartment Buildings
For the investor looking for an excellent return, apartment buildings in this community are an option worth exploring. The average price for a one-bedroom apartment in Southborough is $2,225, while a two-bedroom rents for approximately $2,713. New kitchen appliances, hardwood floors, off-street parking, and easy access to commuter rail service are amenities many renters want. Some developers are constructing apartment communities with a blend of apartments and townhomes, offering even more options for renters.
Commercial Investment Properties
Properties close to Interstate 495 and Route 9 make it easier for you to find perspective, long-term tenants. You may want to consider investing in buildings that offer a mix of warehouse and office spaces, with a leasable area of more than 21,000 sq. ft. Industrial properties with amenities that include outdoor lighting and security systems appeal to a wide range of tenants. The parcels of commercial property that are rare in this market offer a lot of potential for investors who wish to develop properties off Route 9 for professional office suites, medical practices or retail stores. The prime location is across from a proposed office park to the east of Route 9/I-495.
Retail Space
One of the best things about renting retail space in this community is that a lot of the available spaces are in a village-style setting, with units ranging in size from a few hundred feet to more than 1,200 square feet, and rent from approximately $1.50 per month, PSF. The Crossings at White's Corner is a mixed-use, retail/office or professional space that can be built out to suit the tenant's preferences. The high-traffic area has an average of 50,000 vehicles each day on Route 9. More than eight million square feet of space for professional suites is available within a two-mile radius of White's Corner.
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Land for Sale