81-116 Freight Yard WayNorthfield, VT 05663Price: $1,320,000

  • Price: $1,320,000
  • 16 Days on Market
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Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,320,000List Price
  • 7.25Acreage
  • 7,500Square Feet
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.
Listed by George Bambara of Pall Spera Company Realtors-Stowe Village
Broker Reciprocity

Copyright 2023 New England Real Estate Network, Inc. All rights reserved. This display of listings may or may not be the entire Compilation from the NEREN database, and NEREN does not guarantee the accuracy of such information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated February 1, 2023 2:54 PM EST.

 

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