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Listed by Warren Palm of BHHS Vermont Realty Group/S Burlington

Listing Sold by BHHS Vermont Realty Group/S Burlington
Multiple possibilities for this property. The existing 3 unit is in need of major rehab but has good bones and with current rents the #'s should work. Administrative permit would likely be required from the town. There is, in addition to the 3 units structure, additional rent from a mobile home renting space on this lot, preexisting non-conforming use, but grandfathered, that pays $400 a month. Lot is 2 acres with 473' of frontage on main road and can be subdivided. One acre zoning and each lot only needs 200' of frontage. You could rehab the 3 unit, subdivide the lot and build a single family or duplex on new lot, or take down the 3 unit and build 2 single family homes or 2 duplexes. Once you subdivide the mobile home would have to go. See attached for other permitted and conditional uses, there is quite a variety of commercial and professional options. The lot could accommodate self-storage units-take down the 3 unit and mixed use is allowed so the mobile home could stay in that situation. Any subdivision or mixed use or commercial would need approvals thru the town. The drilled well serves 3 unit and mobile home and has never run out. Septic for 3 unit functions well and had a new leach field about 12 years ago. Mobile home site has its own septic system. This is a good opportunity for someone with energy and imagination. Also listed as Land MLS# 4979122 & Commercial MLS#4979127

Property Details of 1333 Highgate Road

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