7012 US-7, Pownal, VT 05261

Listing office SVN The Masiello Group Bedford

Listing date Nov 8, 2022

Source Crexi

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Overview

The property, formerly the Green Mountain Racetrack which operated from 1963 until 1993, is a thoroughbred horse and greyhound racing track located in Pownal, Vermont. It is situated 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 such as Lollapalooza in 1996. Abutting US Route 7, the property offers convenient north-south access from Connecticut to Quebec and is near Williamstown, MA. This parcel presents a rare opportunity for a destination development at the intersection of MA, VT, and NY, just north of the Berkshires. Several former thoroughbred tracks have been successfully redeveloped throughout New England, positioning this parcel as the next in line. Previous approvals allowed for a 1,300-unit residential development. The parcel has access to the local aquifer with substantial 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.

Suggested Use

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

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

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FAQs

What type of property is this?

Commercial land - Large parcel near major routes, ideal for destination development.

Where is this commercial 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 to create a destination development at the intersection of MA, VT, and NY, just north of the Berkshires.; Significant water development rights with access to the local aquifer.; Abuts US Route 7, providing easy access from Connecticut to Quebec.