Prime $4M Development Opportunity at 16 New Haven Road, Vergennes, VT
This property presents an unparalleled development opportunity. Located in historic Vergennes, Vermont—a vibrant, walk-able small city that is poised to become the premier residential and commercial center for the surrounding region. As one of the largest remaining parcels in the City, 16 New Haven Road has numerous attractive build-out options, with zoning supporting large, medium, or small-scale development, from multifamily and mixed-use projects to single-family homes. Vermont, and Vergennes in particular, is a highly desirable place to Live, Work, and Play, and this property is the best of the best. Recent regulatory changes at both the Local and State level (including Act 181) have created an environment that supports more dense infill development, with interim Act 250 exemptions available in designated areas to streamline permitting while final maps are adopted—creating the opportunity for efficiencies that generate positive results involving both Equity and Cap Rates. Vergennes is a community that is pro-business, with dedicated elected and appointed officials who are knowledgeable, skilled, and ready to help. All of this creates a very unique opportunity for the astute investor. As an FSBO listing, Stevens Family Properties offers a 2% co-broker commission ($80,000) to the buyer’s broker upon closing. Contact Peter Stevens at 802-825-8922 to discuss build-out options and secure this prime parcel today.
Peter Stevens
Stevens Family Properties
