Rockingham, VT | 14-15-17-21-25 Westminster Street 150030018

Description

For developers or investors seeking property with stable income and growth potential, the Warner Center campus presents an excellent opportunity. This surveyed 140-acre property comprises 24 residential rental units and 3 commercial spaces within six extensively renovated brick buildings – over 34, 000sf altogether. The buildings are situated in a spacious, sunlit field, conveniently located within walking distance of the historic Village of Saxtons River, which features Vermont Academy, the Saxtons River Inn, a performing arts organization, yoga studio, and the Village Market. Ten minutes’ drive to Exit 5 on I-91 or Bellows Falls. The campus includes over 100 acres of wooded hillside equipped with a revenue-generating cell tower - lessee has a 30-day ROFR. The property benefits from a private, professionally managed, 117, 000-gallon water system, municipal wastewater services, underground three-phase power, and high-speed cable connectivity to each unit. Ten level acres offer town road or private road frontage plus water and sewer, presenting additional development possibilities. The front acres are zoned for village use, while the RR-1 zoned land provides options for a planned unit development or individual lots. Originally established as a girls’ school, the campus was acquired 22 years ago by an investor who has implemented a series of strategic renovations and upgrades, resulting in an attractive living and working environment. Also listed under Multi-family MLS #5085325.