0 Spruce Grove Rd Wilmington, VT 05363
This 8.1-acre commercial land parcel in Wilmington, Vermont, presents a unique opportunity for development. Located in Windham County, on Spruce Grove Rd, zip code 05363, the property boasts stunning mountain views and is zoned for residential use (Res). A significant advantage is the existing Vermont State Wastewater Permit already in place, approved for a four-bedroom dwelling. The land includes a cleared building site and a newly constructed driveway, simplifying the construction process. Utilities are accessible at the road, ensuring convenient connectivity. While an old hunting cabin is present on a small portion of the property, it is anticipated to be demolished. The absence of HOA restrictions allows for maximum flexibility in development plans. Enjoy the tranquility of this secluded setting while remaining conveniently close to recreational opportunities such as Harriman Reservoir (minutes away for boating) and popular winter destinations like Mount Snow. Wilmington's town amenities, including shops and restaurants, are also easily accessible. This exceptional property offers a blend of natural beauty and convenient access, making it an ideal location for a private residence or commercial venture. The asking price is $389,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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