Wakefield Land for Sale
Why Buy Property Here?
Sitting in a convenient location to both I-95/128 and I-93, Wakefield is just 10 miles outside Boston, putting it in an ideal location for a business. Land prices of $519,000 are average here, creating a good setting for those who want to build a house or otherwise take advantage of development opportunities.
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Land for Sale
Geographical Information
One of the most convenient things about this town's location is its ease of access to the MBTA rail service, which is a major part of the local infrastructure. Because it is so close to Boston, getting around the whole metro area is easier than you may have thought possible.
Lake Quannapowitt is not only a beautiful lake that would be a source of pride in any setting but is also one of the town's best biking and jogging areas with a track circling the whole lake. The local yacht club also offers sailing lessons here, and several activities and festivals take place here on a regular basis. A second lake, Crystal Lake, serves as a reservoir and is also a major focal point.
Nearly 25,000 people live in this community, making it one of the most populated towns in the state. Bordering communities are Lynnfield, Saugus, Melrose, Stoneham, and Reading, all of which are high-demand in their own right. The MBTA provides rail service, as well as bus service on more than one route.
In addition to the clearly-defined east and west sides, the town offers several distinct neighborhoods that inspire builders. Montrose is one such neighborhood that includes most of the northeastern part of town, home to several ponds and also a popular residential area.
Homes
One of the most obvious ways to develop property in this area is by building housing, which has a steady demand in the Boston suburbs. The town is in high demand among people shopper for newer, and often, custom properties, while many homeowners having a house built are also interested in areas such as this one.
Custom Capes are among some of the most popular houses in the area, both because of the attractive exterior and the floor plans that are often very flexible. One of the advantages that these houses offer for buyers is having decent-sized lots that provide room for growth and having plenty of room for entertaining. Regardless of whether your plans include building that perfect dream home or constructing one or more homes to sell to others, you'll like what is available here for undeveloped spaces.
Apartments
A major advantage that this town offers for those buying undeveloped property is that apartment shoppers are often looking for housing in the suburban areas so they can be close to Boston but pay lower prices. Larger complexes that have the latest amenities are in high demand, and this trend will likely continue. These buildings offer the benefits of quality housing without worrying about yard care or snow removal, a major selling point for would-be renters.
Commercial
Just as this area is a great location for people buying residential properties, it also has a lot of promise for commercial development. Although there are several commercial buildings currently available in multiple price points, new buildings could be beneficial for customers looking for options that current properties do not provide.
Office spaces are some of the commercial buildings in highest demand in the area. As many companies grow and demand more flexible spaces, the need for new buildings better able to meet these needs will grow. Companies that offer shared workspaces, in particular, benefit from the flexibility a lot of newer buildings offer.
Retail
Building a retail development close to the town center area is always a good choice. You'll have the advantage of steady traffic through the area, as well as proximity to other local businesses, like restaurants, that shoppers might decide to visit at the same time. With the demand for new retailers steadily growing, offering space that appeals to a broad variety of businesses is a smart move.
When you're buying an undeveloped lot to use for any purpose, having the right representation will make all the difference in ensuring your sale works out well. Contact us to get started on this important process.
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Land for Sale