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7012 Us-7 Pownal, VT 05261

For Sale
$3,500,000

144-acre site near MA, VT, and NY border.

Property size:
144 SF
Lot size:
144.77 Acres

Property Features for 7012 Us-7

General Information

Size
144 SF
Lot size
144.77 Acres

Source: Brian Dano, CCIM Agent Brian Dano, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Former Racetrack Development Opportunity

The Green Mountain Racetrack, active from 1963 to 1993, is a former thoroughbred horse and greyhound racing track in Pownal, Vermont. The property is approximately 1 hour east of Albany NY, 3 hours west of Boston, 3 hours north of New York City, and 3 hours south of Burlington VT. The location previously hosted events, including Lollapalooza in 1996. Abutting US Route 7, the 144-acre parcel allows for north-south access from Connecticut to Quebec and is near Williamstown, MA. This property offers the opportunity to create a destination development at the intersection of MA, VT, and NY, just north of the Berkshires. Several former thoroughbred tracks have been redeveloped throughout New England. Previous approvals allowed a 1,300-unit residential development. The parcel has access to the local aquifer with water development rights and can be connected to municipal water and sewer. The asking price will increase as ownership seeks entitlements for a mixed-use development based on current market conditions.
Location Intelligence

Current Use by Public Records

Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

Suggested Use

Restaurant Law Firm Auto Repair Shop Hotel & Motel Auto Parts Store Food Market Electrical Service Cafe & Coffee Shop Wine and Liquor Store Pet Supply Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Pownal
County
Bennington
State
Vermont
Longitude
-73.2029
Latitude
42.7845

FAQs

What type of property is this?
Land - 144-acre site near MA, VT, and NY border.
Where is this land located?
The property is located at 7012 Us-7 Pownal, VT.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: - Rare opportunity for a large-scale destination development at the intersection of MA, VT, and NY, near the Berkshires.; - Abuts US Route 7, providing easy access from Connecticut to Quebec.; - Previous approvals in place for a 1,300-unit residential development.
More about this property
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