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Property profile & analytics
OFF-MARKET
Commercial real estate

17-35 Cheney Ln Morristown, VT 05661

0.45 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully permitted nine-unit development project in the heart of Morrisville, Vermont. The 0.45-acre site is completely cleared and prepared for immediate construction, eliminating significant pre-construction delays and costs. Detailed plans are already in place, streamlining the building process and minimizing potential setbacks. Ample parking is included in the design, ensuring convenient access for residents and visitors. The property's prime location within Morrisville Village offers easy access to a range of local amenities, including shops, restaurants, and recreational facilities, making it highly attractive to potential tenants. This translates to strong rental demand and a potentially high return on investment. The property's strategic positioning within a growing community further enhances its long-term value. This is a turnkey project, ready for a developer to begin construction immediately. Furthermore, there's potential for expansion. An adjacent, approximately half-acre lot is available for purchase, presenting the opportunity to develop additional units and significantly increase the overall return on investment. This presents a rare chance to acquire a fully permitted, ready-to-build multi-unit development in a desirable Vermont location. The asking price for this prime development opportunity is $425,000.

Property profile
Verified
Property type Commercial real estate
Lot 0.45 ac (19,602 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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