199 Summer Street

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.