371 Hastings Rd Waitsfield, VT 05673
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.