Morristown, VT | 11 Court Street

$625,000
MLS#: 5115640
0.4
Acres
155
Road Frontage
1
Sq Ft
$7,845
Taxes
Restore Properties
5,500-square-foot building Highly accessible approximately 5,500 SF property offering elevator service, multiple restrooms and flexible space with potential for professional, medical, care-related, educational, nonprofit, residential/mixed-use or multi-tenant applications, subject to applicable zoning and permitting. • Accessible entrances • Accessible parking spaces • Ramps • Elevator • Elevator capacity • Accessible door widths • Accessible bathrooms • Accessible routes between areas of the building Potential uses with current zoning, permitting, building-code and occupancy requirements are confirmed. Medical or dental offices Physical or occupational therapy Counseling or behavioral-health services Adult/Child day services Senior/community services Professional offices Nonprofit organizations Educational or childcare uses Government/community services Multi-tenant office configuration Residential or mixed-use conversion. Multi Family Group Home Recovery Residence Shelter Recreation Facility Private Club Home Occupation
485 Jersey Heights presents a rare, substantially shovel-ready residential investment opportunity in Morrisville. The property includes an existing 3-bedroom, 1-bath ranch-style single-family home plus approvals for a new 9-unit multifamily residential building on the rear portion of the property. The existing home offers immediate rental, owner-occupant, or interim income potential while the approved multifamily project is developed. The proposed rear building is approved for nine 1-bedroom residential units, creating a potential 10-unit residential property when combined with the existing single-family home. Zoning approval, state wastewater/potable water approval, subdivision/site documentation, and access-related permission/documentation are in place, subject to stated permit conditions. Site plan and permit package available for review. The property is located in Morristown’s High Density Residential district and offers a compelling opportunity for a builder, investor, or developer seeking an approved small multifamily project in a tight rental market. Total unit count reflects the existing single-family residence plus the approved/proposed 9-unit multifamily building; only the single-family residence currently exists. Buyer to perform due diligence regarding permits, plans, approvals, construction costs, utility connections, and all municipal/state requirements. Listing Broker is a member of the ownership LLC.

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