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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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89 Ferry Rd , Charlotte, VT 05445
$325,000
Est. Payment: $722.22/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 21
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1120 - 690990
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House Description

A unique redevelopment opportunity in the heart of Charlotte Village. Situated on approximately one acre next to the Charlotte Town Offices and Library, 89 Ferry Road offers a highly visible village location with prior due diligence completed for potential commercial and mixed-use redevelopment. The property currently includes an older 2-bedroom home and detached garage. The property is being marketed primarily for its land value and redevelopment potential. The seller previously engaged Civil Engineering Associates to prepare a conceptual redevelopment plan for a 3,500-square-foot retail building with a one-bedroom apartment. The project progressed through sketch-plan review with the Town of Charlotte, and supporting engineering, wetland and wastewater materials are available for review. The property is identified in Town records as being within the Village Commercial District. Prior Town review found retail and residential uses permitted under the regulations applicable to the proposal at that time. Approximately two-thirds of the parcel contains Class II wetlands, and prior wetland delineation and engineering work have been completed. An existing drilled well serves the property, and the seller also pursued preliminary municipal sewer allocation as part of the proposed redevelopment. An intriguing opportunity for a buyer looking for a well-located commercial, mixed-use or village redevelopment project in central Charlotte.

Highlights

Listed by Nancy R Warren , 802-734-5024 Coldwell Banker Hickok and Boardman , 802-863-1500.

Property Type

Vacant Land

Lot/Acreage
1

County

Chittenden

School District

Champlain Valley UHSD 15

Listing ID

5106946

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Abuts Conservation,In Town,Mountain View,Trail/Near Trail
Zoning:Village Commercial Distri
Sewer:Septic
Principal Interest
$722
Taxes
$400

Home Price

$325,000

Loan Details

30 yrs
%

Down Payment

20%
$65,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$722.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $722.22 $399.87 $0.00 $1,122.09
Yearly $8,666.67 $4,798.44 $0.00 $13,465.11
Total $260,000.00 $143,953.20 $0.00 $403,953.20

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Charlotte, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.