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60 Old Colchester Road, Essex Junction, VT 05452

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For Sale

$400,000

3.07 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 3.1 acres
    Lot size

Explore this Property

Very attractive, 3+ acres, level, open lot with sandy soils and development potential in quiet residential area. Land is only minutes to village, I289, Costco, etc.. Railroad tracks run passed way in the rear but the tracks are below the grade of the lot and there is a high berm and thick tree line reducing sound and sight. The zoning is R1 which allows for 15000sqft per unit, only need 60 of frontage required per lot, lot coverage 40%, PUD s are allowed. If there is town water and sewer you can do a 4plex anywhere you can do a single family as long as you comply with rest of lot criteria. Potential for 16 units, based on 4 lots, maybe more. Septic systems are not allowed per the regs so town sewer would need to be brought up from Autumn Pond Rd. Lots of potential for high end condo project, etc.
MLS# 5067754

Courtesy Of Berkshire Hathaway HomeServices Vermont Realty Group

(802) 658-5555

Property Features

  • Architecture Style
    Other
  • Lot Size
    3.07 Acres

Map and Directions

Directions to 60 Old Colchester Road, Essex Junction, VT 05452

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.