Sturbridge Land for Sale

Buying Property

Buying land in this town with the typical price of $335,000 is always a great choice because of the many ways you can put your purchase to use. Build a home that blends in with the area's historical character or construct a retail building to take advantage of the traffic that comes through here. In any case, building here is likely to be a very wise choice that will give you a good return on your investment.

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Land for Sale

Geographical Information

Sturbridge has a reputation for being a town that represents what people love the most about New England, beautiful views, friendly atmosphere and all. Between the easy routes through town in the form of Interstate 84, the Massachusetts Turnpike, and Routes 31 and 20; and the town's unique beauty, it's easy to see why it attracts so many.

This little town of over 9,000 is in Worcester County and is perhaps best known for its living history museum in the form of its village. The population includes over 2,000 people who live in the census-designated area known as Fiskdale, where some of the more popular real estate has sold recently. Routes 148 and 20 provide most of the traffic to this neighborhood. East Brimfield Lake, Big Alum, and Long Pond are also in this part of town.

What Types of Developments You Could Build

Homes

With median listing prices of $350,000 for Sturbridge, there is a lot you could do with any land you buy. Homes with at least three or four bedrooms and two bathrooms are in high demand. One of the things you could do with your piece of property is build a housing development that includes custom homes with all the features currently in the highest demand.

Buying a home in an area with values that have steadily increased in recent years is one way buyers work hard to protect the home equity they will have available. Houses in an area certain to increase in value are always a smart purchase for equity-conscious buyers. With several places to build that offer private lake or pond access, building houses in this area is a good way to attract the right buyers with minimal effort.

Apartments

Another possibility is building apartment complexes, which many would say there is a need for in the area. Putting in an apartment complex in a high-demand area, such as near the lake or one of the ponds, is a good way to attract interested renters. A growing number of real estate shoppers have been showing interest need an apartment to suit their budget or lifestyle needs while waiting to buy a house or condo.

Commercial Investment Properties

Mixed-use developments that provide both condo/apartment and commercial space are often a sure win when building. One of the biggest draws for these types of properties is that they are easier to market to a broader group of buyers or renters. In an area like this quiet little community, you're likely to find a lot of interest based on the location alone.

Commercial investment properties are also worth considering in an area such as this location. Because of the proximity to Worcester at 21 miles, you'll find it a good alternative to having a retail property within the city. Office space in this area is likely to grow in demand with the average price for $1.08 per square foot a month, and you'll enjoy being able to meet this demand easily with the right type of property.

Retail Space

Retail space is also a perfect idea for development, especially in an area where there is so much tourism. Regardless of the type of store or restaurant, developers who offer this type of space are likely to see a lot of interest from prospective tenants. Most retailers pay a lot of attention to the amount of tourist traffic their locations generate and will know how to spot a good prospect for their company when it comes along.

Any real estate transaction is easier with access to the most accurate, timely information available. Getting in touch with agents experienced in all kinds of property sales will be your best assurance of getting the results you want. The perfect parcel for all your needs will be within easier reach when you seek the help of one of our knowledgeable real estate professionals.

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Land for Sale