Description
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.
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0BEDS
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7.25ACRES
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0BATHS
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01/2 BATHS
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7,500SQFT
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$176$/SQFT
School Ratings & Info
Description
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.
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Courtesy of George Bambara of Pall Spera Company Realtors-Stowe Village: [IDXCONTACTINFORMATION].