0 New Boston RoadSt. Johnsbury, VT 05819Sale Price: $120,000

This 45.59 acre property is a rare opportunity to purchase a project that has been through act 250 and ready to be brought to fruition by a new owner. Building lots are not common in today's market, so there is the possibility of buying the project and selling individual lots for profit, building spec homes to be sold or retained for income, or build your dream estate on the outskirts of town. Located in the town of St. Johnsbury, just a short drive to Burke Mountain, the Kingdom trail system, NVRH Hospital, Dog Mountain, and the world renowned St. Johnsbury Academy, this property is ideally situated to afford both privacy and convenience. This is a 63 +/- lot subdivision (of 3 bedroom single family homes) proposed to be completed in 2 phases. Phase 1 consists of 23 lots, and has stormwater systems in place, town water to each lot, roads, and a communal septic system. 16 lots of Phase 1 remain to be developed immediately by a new owner. Phase 2 infrastructure is not yet in place. The town of St. Johnsbury is extremely supportive of new development as there is currently a shortage of homes and lots for sale in the area. Don't miss this once in a lifetime opportunity.