Bombardier Road Unit #1, Milton, VT 05468

$2,800,000

Listing courtesy of Warren Palm from BHHS Vermont Realty Group/S Burlington. ()

List Price
$2,800,000
Status
ACTIVE
MLS#
4950611
Lot Size
908,662
Acres
20.86

Property Description

Large 20+ acre lot centrally located in Milton. High density zoning, only 6000sqft of lot area required for each unit, the owner has gotten a 50% density bonus in the process of subdivision so there is the potential, depending on design and type of housing or mix of housing for up to 160+/- units. See attached sections of zoning regs. and the final subdivision approval. This lot is one of 3 lots subdivided off the original 39 acre parcel. Lot # 3 is under deposit. Lot #2 will be the 6 acres parcel that the town now owns for their new parking garage. There are a lot of pluses with this location, it is adjacent to the towns 30+ acres of recreation area, dog park and events area; short walk to shopping and many other commercial establishments; only a few blocks to the schools; the town library is next door. Because of Lot #3 proposed development the Lot #2 town garage lot, almost half the road separating lots 1 and 3 will be built by developer and town, gas, power, sewer and water will be stubbed to that point, pumping station will be installed by the portion of lot #3 that will be developed but will need to be expanding on existing easement for Lot #1 development. Zoning allows max of 8 units for structure, if multi family are proposed, and each 8 unit structure would have to be on its own lot. There can be single family or any # of multi or condo type up to 8 units. Please, consult the info attached to the listing for more zoning info and plot plans. Commercial listing 4950613

Additional Information

Delayed Showing
No
Listing Agent
Warren Palm
Listing Office
BHHS Vermont Realty Group/S Burlington
Unit Number
1
School District
Milton
Elementary School
Milton Elementary School
Middle School
Milton Jr High School
High School
Milton Senior High School
Flood Zone
No
Easements
No
Zoning
M4R
Resort
No

Mortgage Calculator

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Calculator source: Real Geeks

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