Tewksbury Land for Sale

Why Buy Property Here

With prices on undeveloped properties averaging $419,900, you'll have a good chance of being able to put the property you buy to use in a way that benefits interested parties and helps you make the most of your investment. Understanding more about the area and how you can put the property to use the most will help you enjoy a greater chance of a decent return on your investment.

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Land for Sale

Geographic Information

With around 28,000 people in town, many consider this area to be just the right size. It's large enough to offer plenty of commercial options but small enough to suit residents looking for alternatives to Lowell, which is next door, and Boston, 19 miles away.

Local points of interest include the Shawsheen and Merrimack Rivers. One of the most convenient roads that runs through this area is Route 133, as well as I-495 and I-93. Bus travel is made easily possible with bus service from LRTA's Route 12.

What You Could Build Here

Homes

Using undeveloped land for housing is always a good choice to keep in mind because of the overall demand. Although this is an area that has been settled for quite a long time, there is still a demand for new construction that you can use to your advantage.

Although several styles are well-represented among the existing homes here, Colonials are among some of the most popular. One of the advantages they offer is a layout that is easy to customize for open floor plans, which are always in high demand in this area. Contemporary Cape-style houses are also popular.

The market has grown to include a lot of custom homes, and this is an opportunity you probably want to take advantage of if you intend to build single-family housing. Buyers are often looking for houses that allow them to express their style, and a custom design allows them to do that a lot more easily. One thing that buyers are likely to find attractive about custom options is seeing their equity grow as they add more features that are in demand.

Apartments

Apartments and condos have also increased in importance in recent years, with many seeking housing without wanting to think about high maintenance or property tax costs. A condo or townhouse helps fill this need for many buyers. Because several styles have a broad appeal, you can easily design a development likely to attract buyers or renters with minimal effort.

Commercial

Commercial property is always worth mentioning, especially in a smaller town that has the advantage of a great location. Even a town that has a smaller population, if it is close enough to one of the larger metro areas, will have an advantage over properties in more remote locations.

The location on one of Massachusetts' busiest state highways provides plenty of options for developers making use of multiple types of commercial property. With most commercial buildings remaining on the market for at least 65 days, there is a need for new buildings that some current buildings on the market are not meeting. New buildings that offer flexibility might be just what some of these businesses want.

Retail

Retail space in a smaller town can take many forms, from larger shopping center-type properties to buildings designed to match some of the existing buildings in town. Because many of these properties sit on lots with half an acre or more of space, you can be sure of having plenty of parking, which always matters in these types of situations. If you get a lot in the town center or at least on a street with a lot of traffic, you're likely going to have a very profitable development.

Making the most of any property you decide to invest in will mean having to know a lot about what prospective buyers and renters in the area want. Fortunately, it's easy to get a good idea of what is in highest demand by looking at listings for existing properties.

When you're ready to take that crucial first step and buy a parcel of property to develop, the help of a seasoned real estate professional who handles these sales all the time is key. Contact us today to see how we can help you achieve your dreams of buying the right property.

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Land for Sale