Swot Analysis Of Topsfield Fair

7. Topsfield

Commercial Investment Properties

While it may have a fairly small population, this town has a surprisingly strong investment potential. With the advent of the railroad and the turnpike, the town quickly started to grow. Over the last few decades, the area has developed a reputation for being a high-tech community. Because of Route 128, the town is considered a part of the Boston high-tech community.

Other than defense and high-tech businesses, this town is also known for its tourism industry. Each year, the Topsfield Fair attracts around 500,000 visitors. From the last weekend of September to Columbus Day, entrepreneurs and tourism companies bring in a significant revenue from the fair. This fair alone makes the region a popular

Between the popular events and nature options, the area draws in a stream of tourists, hikers and campers throughout the year. Investors can invest in a tranquil town that has a rural environment. While it might be close to the city, it offers a country-style life. Since there are still just a handful of pizza and sub shops in the town, restaurant owners can enjoy cornering the dining market. Right now, there are few other dining or nightlife options in town, so a savvy investor has a chance to develop a foundation in the industry before the town continues to grow.

Investors will find a real estate market that has only been growing in recent years. The median home sale price has advanced by $9,750 in the last year. Prices rose 2 percent from $610,000 to $619,750 in just a year. Meanwhile, the average price per square foot declined from $271 to $254. These changes mean that now is the time to invest in the area. The rural ambiance will not remain rural for long because of the city's

Originally built in 1742 for a Revolutionary War captain, the property has been updated consistently over the years. In 2007, it was completely renovated by the Willowdale Medical Center. Placed on 0.99 acres, the complex includes eight private offices, two conference rooms and a training room. The first floor includes the offices, a reception area, two bathrooms, a conference room and a kitchenette. Meanwhile, the second floor includes a training room for 25 people, a conference room, a support room and a bathroom. The design of the building makes it perfect for medical uses. Once the permits are approved, a section of the second floor can be transformed into a one-bedroom residence or used as more office space. In total, the seller is asking $675,000 for the