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    17-35 Cheney Ln Morristown, VT 05661

    For Sale
    $425,000

    9-Unit Development, Ready to Build

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a fully permitted nine-unit development project in the heart of Morrisville, Vermont. The 0.45-acre site is completely cleared and prepared for immediate construction, eliminating significant pre-construction delays and costs. Detailed plans are already in place, streamlining the building process and minimizing potential setbacks. Ample parking is included in the design, ensuring convenient access for residents and visitors. The property's prime location within Morrisville Village offers easy access to a range of local amenities, including shops, restaurants, and recreational facilities, making it highly attractive to potential tenants. This translates to strong rental demand and a potentially high return on investment. The property's strategic positioning within a growing community further enhances its long-term value. This is a turnkey project, ready for a developer to begin construction immediately. Furthermore, there's potential for expansion. An adjacent, approximately half-acre lot is available for purchase, presenting the opportunity to develop additional units and significantly increase the overall return on investment. This presents a rare chance to acquire a fully permitted, ready-to-build multi-unit development in a desirable Vermont location. The asking price for this prime development opportunity is $425,000.

    Property Features for 17-35 Cheney Ln

    General Information

    Property type
    Other commercial real estate
    Lot Size
    19,602 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morristown
    County
    Lamoille
    State
    Vermont
    Longitude
    -72.60342
    Latitude
    44.55859

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    FAQs

    What type of property is this?
    Commercial real estate - 9-Unit Development, Ready to Build
    Where is this commercial real estate located?
    The property is located at 17-35 Cheney Ln Morristown, VT.
    What is the asking price?
    The asking price for this property is $425,000.
    Request Owner's contact information
    17-35 Cheney Ln Morristown, VT 05661
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17-35 Cheney Ln Morristown, VT 05661
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