Current Use by Public Records
- Commercial real estate
Property Details for 17-35 Cheney Ln
- Lot size
- 0.45 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morristown
- County
- Lamoille
- State
- Vermont
- Longitude
- -72.6034
- Latitude
- 44.5586
