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    371 Hastings Rd Waitsfield, VT 05673

    For Sale
    $1,500,000

    25-Acre Commercial Land, Waitsfield, VT

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 25.82-acre commercial property, located at Hwy 371 Hastings Rd in Waitsfield, Vermont (APN: 40180622 & 40180618), presents a significant investment opportunity. Priced at $1,500,000, this OS (Office Service) zoned land boasts impressive dimensions of approximately 2,000' x 1,215' x 1,500', offering approximately 2,000 feet of road frontage along Hwy 371 and approximately 165 feet at the Hastings Road cul-de-sac. The total lot size is 1,382,919 square feet. The property benefits from its strategic location near a multitude of established businesses, including Crow Wing Recycling, Cygneture Title, and numerous other retail, office, and medical facilities within the Baxter Industrial Park. Furthermore, its proximity to residential developments like Knute Nelson (future development), Grace win Living, and several apartment complexes, along with schools (Forest view Middle School, Baxter Elementary School, Central Lakes College), and churches, ensures high visibility and potential for strong customer traffic. City water and sewer are available at the Hastings Road cul-de-sac, and utilities include natural gas, electricity, internet, and phone service. The 2022 annual property tax was $2,536.00. Directions: From the Baxter Hwy 210/371 intersection, go south on Hwy 371, west on College Road, south on Evergreen Drive, and east on Hastings Road. The property is southwest of the cul-de-sac. This property is ideal for a variety of commercial developments.

    Property Features for 371 Hastings Rd

    General Information

    Property type
    Retail properties
    Lot Size
    1,124,719 SF

    HighLights

    • Excellent access from Hwy 371 and College Road.
    • 1,382,919 square foot lot.
    • 25.82‑acre parcel.
    • Irregular lot shape, approximately 2,000' x 1,215' x 1,500'.
    • Approximately 2,000 feet of Hwy 371 frontage and 165 feet at the Hastings Road cul‑de‑sac.
    • 2022 property taxes totaled $2,536.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Wholesale Shop Hair Salon Spa & Massage Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Waitsfield
    County
    Washington
    State
    Vermont
    Longitude
    -72.8198867
    Latitude
    44.1787806

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    FAQs

    What type of property is this?
    Retail property - 25-Acre Commercial Land, Waitsfield, VT
    Where is this retail property located?
    The property is located at 371 Hastings Rd Waitsfield, VT.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Excellent access from Hwy 371 and College Road.; 1,382,919 square foot lot.; 25.82-acre parcel.
    Request Owner's contact information
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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
    371 Hastings Rd Waitsfield, VT 05673
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