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Listed by Flex Realty Group • Flex Realty
$3,250,000
Est. payment /mo
1.39 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5038815
Construction Status Pre-Construction
Lot Size 1.390 Acres
Acres 1.39
Property Description
Currently five contiguous residential dwellings, located in the downtown core of the city of Winooski. Once permitted for 186 units, favorable changes to the Winooski parking requirement presents greater density potential. While previously Act 250 approved this project is eligible for an Act 250 exemption through Vermont's priority housing initiative. Other tax incentives exist with this location being deemed an opportunity zone. This is the perfect opportunity to design and build mixed-use new construction in the heart of Chittenden County. The project benefits from being nestled on the hillside overlooking the Casavant Nature Preserve, is walking distance to numerous restaurants, shops and the riverwalk. This project would be a perfect compliment to the continuing revitalization of the city's corridors. Owners are licensed real estate professionals.
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning Mixed Use
Interior
Cooling None
Exterior
Garage Description Other
Utilities Available Cable - Available
Roof Type Other
Building
Story 2
Foundation Other
Sewer None, Public Available
Architectural Style Apartment Building
Construction Status Pre-Construction
Schools
Elementary Schools Assigned
Middle Schools Winooski Middle/High School
High Schools Winooski High School
School District Winooski School District
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