7012 US-7 Pownal, VT 05261
Large parcel near major routes, ideal for destination development.
Type:Land
- Added:
- Nov 8, 2022
- Days on Market:
- 1263
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 7012 US-7
General Information
- Standard status
- Active
- Property subtype
- Land
Listing agent Brian Dano License #MA 9562840
Listing office SVN The Masiello Group Bedford
Listing date Nov 8, 2022
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SVN The Masiello Group Bedford
Overview
Pownal Land Development Opportunity
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.
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Pownal
- County
- Bennington
- State
- Vermont
- Longitude
- -73.2029
- Latitude
- 42.7845
Nearby Similar for Sale
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.
