Northfield, VT | 81-116 Freight Yard Way

$1,320,000
MLS#: 4940989
7.25
Acres
0
Road Frontage
7,500
SQ. Feet
$0
Taxes
1 of 40

General Property Information

Price:
$1,320,000
Property Status:
Active
County:
VT-Washington
Agency/Brokerage:
George Bambara
Pall Spera Company Realtors-Stowe
george.bambara@pallspera.com

This property is located in Northfield's "Designated Village Center". This designation means no ACT250 involvement in property development. The development density for this property is a maximum of (71) residential units. Northfield Devolopment Review Board provides change of use and approval of the development plans. The property abuts Norwich University and is ideal for a very high-quality mixed-use development which fits nicely with Northfields town plan. Additional Town water and sewer is available. This offering is comprised of the following elements: 1. "Engine House": Restored, 7,500 sq' of finished exposed brick office space with high bay area, the lot size is 0.93 acres. 2. "Mill Buildings": (3) additional buildings prepared for a change of use, with a total of 9,700 sq' open space. The lot size is 1.67 acres. 3. Undeveloped Land: 7.25 acres. No ACT 250 jurisdiction given its "Designated Village Center" designation. Current income: 1. AT&T long term annual lease of outdoor generator building expiring 12/25/2037. Income $670 /month 2. Tenant in the high bay area lease 4,100 sq' for $2,850 / month and has common use of the bathrooms, lunchroom and conference room. There are (2) Materport virtual interactive tours attached to this listing for your review.

Property Features

Year Built:
# of Stories:
Road Frontage:
0
Zoning:
Designated Village Center
Acres:
7.25
Total Sq ft:
7500
# of units:
Parking:
On-Site
Basement:
Location:
Exterior Features:
Brick
Sales Includes:
Land/Building
Roof Style:
Standing Seam
Type:
Misc:
Foundation:
Slab - Concrete
Fuel:
Heating & Cooling:
Floors:
Financing:

Other Information

Source: Data provided by NEREN, graph generated by Pall Spera Company
List Date:
2023-01-17
Last Updated:
2023-01-22 15:47:44

Stowe Village Office

George Bambara

(P) 802.253.1806
(F) 802.253.9993
email

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