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Listed by Daire Gibney • Barrett and Valley Associates Inc.
$200,000
Est. payment /mo
9 Beds
2 Baths
12,118 SqFt
Active
199 Summer ST Springfield, VT 05156
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Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 12,118 sqft
Price per Sqft $16
MLS Listing ID 5111439
Style Other
Bedrooms 9
Full Baths 2
Construction Status Existing
Year Built 1900
Lot Size 2.500 Acres
Acres 2.5
Property Sub-Type Condo
Property Description
A substantial redevelopment opportunity on approximately 2.5 acres in Springfield. The property features an approximately 11,500 sq. ft. former school building with municipal water and sewer, established road access, and Medium Density Residential zoning creating a strong foundation for a range of future uses. The scale of the building and site opens the door to several possibilities. Concepts explored for the property include conversion of the existing structure into approximately eight rental apartments, daycare or educational space, community-oriented uses, or a mixed-use project. The surrounding acreage may also lend itself to a broader residential development concept, including the potential for approximately 12 smaller homes, subject to municipal and state permitting and approvals. Springfield provides an appealing setting for residential investment and redevelopment, with 10G fiber availability, convenient access to I-91, Springfield Hospital, and easy connections to the Upper Valley, Okemo Mountain Resort, Woodstock, and the wider Southern Vermont region. For a developer, investor, or organization looking for a property with scale, infrastructure, and multiple avenues for reuse, this is an opportunity worth exploring.
Location
State VT
County Vt-windsor
Area Vt-Windsor
Zoning res
Rooms
Basement Entrance Interior
Basement Partially Finished
Interior
Heating Hot Water, Radiator
Cooling None
Exterior
Parking Features No
Utilities Available Cable, Cable Available
Roof Type Slate
Building
Lot Description City Lot, Condo Development, Level, Rental Complex, Sidewalks, In Town, Neighborhood, Near Hospital
Story 2
Sewer Public
Water Public
Architectural Style Other
Construction Status Existing
Others
Special Listing Condition None
Nearby Locations
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