1511 Dover Rd, Wardsboro, VT 05355

Property Details for 1511 Dover Rd

Year built

1980

Lot size

10.30 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 10.3-acre parcel in Wardsboro, Vermont, featuring an existing 800-square-foot apartment building. Built in 1980, the property is zoned R and boasts a convenient location near major Vermont ski areas, making it ideal for both residential and recreational purposes. The existing structure, while basic, includes a drilled well, electricity, running water, and a functioning septic system – all essential utilities are in place. The cabin-style building offers immediate income potential with upgrades or could be used as a secondary dwelling while a new home is constructed on the expansive lot. The property's substantial size and existing infrastructure provide a solid foundation for various development scenarios, catering to a range of investment strategies. The asking price is $224,000, representing a compelling entry point into the Vermont real estate market. This property presents a unique blend of immediate usability and significant long-term potential, making it an attractive option for discerning investors seeking a versatile and well-situated asset. The property's location near popular ski areas offers strong potential for rental income, catering to both seasonal and year-round residents. The existing structure, while requiring updates, provides immediate value and a solid base for future improvements. The ample land offers significant expansion possibilities, allowing for the addition of new structures or the enhancement of existing amenities.

Location Insight

City

Wardsboro

County

Windham

State

Vermont

Longitude

-72.777877

Latitude

42.990963