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Adam Dow

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

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324 South Main St , St. Albans Town, VT 05481
$849,900
Est. Payment: $1,888.67/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 20
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House Description

Prime South Main Street development opportunity! Whether you’re an investor, builder, or developer, this versatile 12-unit project offers an exceptional combination of location, flexibility, and investment potential. The current concept envisions four 3-unit buildings consisting of 12 spacious 3-bedroom townhomes of approximately 1,600 SF each with one-car garages; however, the final design is not set in stone, allowing a purchaser to tailor the project, unit mix, finishes, and construction approach to their desired budget, strategy, and end goal, subject to applicable approvals. A major advantage is the head start already in place. The site is cleared, open, and level, with an existing access road and some town/state approvals already secured. Municipal water and sewer are available, along with natural gas, helping create the potential for comparatively low initial infrastructure costs and a more straightforward path toward development. Build the units for individual resale and capitalize on the area’s growing values or retain them as rentals and create a highly desirable 12-unit portfolio with the opportunity to capture substantial sweat equity through development. The established 45-unit rental community immediately behind the site currently reports approximately 1% vacancy, offering compelling real-world evidence of strong rental demand at this location. With flexibility in how the project can ultimately be developed, buyers can pursue a product and price point that best fits their investment model—from attractive rental housing to new-construction townhomes for resale. Prime location, municipal utilities, natural gas, existing site work, approvals already underway, and multiple exit strategies make this a rare opportunity to take over a project with much of the groundwork already established. Bring your vision and explore the possibilities! Concept plans/renderings are likeness only; final development is subject to purchaser due diligence and required approvals

Highlights

Listed by Blake M Gintof , 802-872-8881 Signature Properties of Vermont , 802-872-8881.

Property Type

Vacant Land

Lot/Acreage
1.07

County

Franklin

Listing ID

5107173

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Interior Features

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

Exterior Features

Lot:Condo Development,Level,Major Road Frontage,Open,PRD/PUD
Zoning:Res
Sewer:Public Sewer at Street
Principal Interest
$1,889
Taxes
$148

Home Price

$849,900

Loan Details

30 yrs
%

Down Payment

20%
$169,980
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:
$1,888.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,888.67 $148.00 $0.00 $2,036.66
Yearly $22,664.00 $1,775.96 $0.00 $24,439.96
Total $679,920.00 $53,278.80 $0.00 $733,198.80

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 (St. Albans Town, 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.