Charlotte, VT | 3495 Spear Street 4

$425,000
MLS#: 5064558
7.7
Acres
266
Road Frontage
Restore Properties
Lot 3: 7.5 surveyed acres on Spear Street: Open field on east side of town road with views towards Camel's Hump thru the woods. The approved engineering plans allow for your new 3 bedroom home. Shared driveway with Lot 4 has been built with common power connection point installed. The woods portion of both lots are conserved with no future development allowed which will keep this area natural and undisturbed. Spear Street takes you right to the University of Vermont campus and the Medical Center along with the Burlington area work and play amenities in about 20 minutes or south towards Vergennes! Mt. Philo State Park is just minutes away. Land is located between Burlington and Middlebury-2 college towns! Lot 4: 7.7 acres is also for sale at this time. MLS 5064558. All offers will be reviewed by the Owners. One of the land owners is a Vermont licensed real estate broker.
Lot 4: 7.7 surveyed acres on Spear Street: Open field on east side of road with views towards the Camel's Hump area thru the woods. This lot is ready for your new 3 bedroom home to be built per the approved engineering plans. Shared driveway with Lot 3 has been built with common power connection point installed The wooded portion of both lots are conserved with no future development allowed which will keep this area natural and undisturbed. Spear Street takes you right to the University of Vermont campus and the Medical Center in about 20 minutes or south towards Vergennes! Mt. Philo State Park is just minutes away. Land is located midway between Burlington and Middlebury-two college towns! All offers will be considered by the Sellers. Lot 3: 7.5 acres is also for sale at this time. MLS #5064550. One of the land owners is a Vermont licensed real estate broker.
A unique redevelopment opportunity in the heart of Charlotte Village. Situated on approximately one acre next to the Charlotte Town Offices and Library, 89 Ferry Road offers a highly visible village location with prior due diligence completed for potential commercial and mixed-use redevelopment. The property currently includes an older 2-bedroom home and detached garage. The property is being marketed primarily for its land value and redevelopment potential. The seller previously engaged Civil Engineering Associates to prepare a conceptual redevelopment plan for a 3,500-square-foot retail building with a one-bedroom apartment. The project progressed through sketch-plan review with the Town of Charlotte, and supporting engineering, wetland and wastewater materials are available for review. The property is identified in Town records as being within the Village Commercial District. Prior Town review found retail and residential uses permitted under the regulations applicable to the proposal at that time. Approximately two-thirds of the parcel contains Class II wetlands, and prior wetland delineation and engineering work have been completed. An existing drilled well serves the property, and the seller also pursued preliminary municipal sewer allocation as part of the proposed redevelopment. An intriguing opportunity for a buyer looking for a well-located commercial, mixed-use or village redevelopment project in central Charlotte.

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