205 Blakely Rd Colchester, VT 05446
For Sale
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Lakeshore Two LS2 4.06-A Purpose. To foster the development of a small-scale, mixed-use village center on Malletts Bay that will offer residents and visitors access to recreation and entertainment opportunities, community-serving businesses, marine services, and lodging and dining options in a manner that: (1) Protects and enhances water quality; (2) Mitigat…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
LS2 · Colchester, VTLakeshore Two LS2 4.06-A Purpose. To foster the development of a small-scale, mixed-use village center on Malletts Bay that will offer residents and visitors access to recreation and entertainment opportunities, community-serving businesses, marine services, and lodging and dining options in a manner that: (1) Protects and enhances water quality; (2) Mitigates flood hazards; (3) Maintains and improves views of the lake from public vantage points; (4) Is oriented primarily to pedestrian and bicycle traffic and secondarily to vehicular traffic; (5) Promotes “greening” of lot frontages and parking areas; (6) Decreases the amount of impervious surface and associated stormwater runoff; and (7) Reduces the quantity and improves the quality of stormwater flowing into surface waters; (8) Promotes economic development. 4-23 Colchester Development Regulations Supplement 49 4.06-B Municipal Plan. These regulations hereby implement the relevant provisions of the Town of Colchester adopted municipal plan and are in accord with the policies set forth therein. 4.06-C Permitted Uses. Those uses indicated in Table A-1 and accessory uses to those uses. Any uses not listed in Table A-1 are prohibited. Items that are not customary as accessory uses to those listed in Table A-1 are prohibited. The following additional standards shall apply to the uses indicated in Table A-1: (1) 1. Inns over 10 rooms in size shall be considered as a conditional use; 4.06-D Conditional Uses. Those uses indicated in Table A-1 and approved pursuant to Article 8, and accessory uses to those uses. Any uses not listed in Table A-1 are prohibited. Items that are not customary as accessory uses to those listed in Table A-1 are prohibited. (1) Industrial uses lawfully in existence on January 1, 2016 shall be reviewed as a permitted use for expansions or other modifications. 4.06-E Area, Density, and Dimensional Requirements. In the Lakeshore Two District, all requirements of this Section 4.06 and Table A-2 shall apply. Lot coverage may be increased over 40% as listed in Table A-2 in accordance with subsection 4.06F herein. If a project is deemed to comply with subsection 4.06F lot coverage maximums does not apply. 4.06-F Green Infrastructure Requirements.
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.
