25 Warner Center Rd - Apartments FOR SALE


Saxtons River, VT 05154
$2,900,000 USD
802-579-4909

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$2,900,000 USD
Apartments - FOR SALE
null | Request Cap Rate

25 Warner Center Rd
Saxtons River, VT 05154


HIGHLIGHTS

  • This listing includes the following properties: 14, 15, 17, 21, and 25 Westminster Street, Rockingham, Vermont.
  • Expansive 140-acre property featuring 23 residential rental units and 3 commercial spaces.
  • Six extensively renovated brick buildings encompassing over 34,000 square feet in total.
  • 117,000-gallon water system providing robust infrastructure for operations.

OVERVIEW

For developers or investors seeking property with stable income and growth potential, the Warner Center campus presents an excellent opportunity. This surveyed 140-acre property comprises 23 residential rental units and 3 commercial spaces within six extensively renovated brick buildings – over 34,000sf altogether. The buildings are situated in a spacious, sunlit field, conveniently located within walking distance of the historic Village of Saxtons River, which features Vermont Academy, the Saxtons River Inn, a performing arts organization, yoga studio, and the Village Market. Ten minutes’ drive to Exit 5 on I-91 or Bellows Falls. Cell tower lessee has a 30-day ROFR' The campus includes over 100 acres of wooded hillside equipped with a revenue-generating cell tower. The property benefits from a private, professionally managed, 117,000-gallon water system water system, municipal wastewater services, underground three-phase power, and high-speed cable connectivity to each unit. Ten level acres offer town road or private road frontage plus water and sewer, presenting additional development possibilities. The front acres are zoned for village use, while the RR-1 zoned land provides options for a planned unit development or individual lots. Originally established as a girls’ school, the campus was acquired 22 years ago by an investor who has implemented a series of strategic renovations and upgrades, resulting in an attractive living and working environment. Also listed under commercial MLS #5085323. This listing includes the following properties: 14-15-17-21-25- Westminster Street Rockingham, VT

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

16

PRICE/UNIT

$181,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

144.14 AC

LAND SF

6,278,762 SF

ZONING

RR-1

APN/PARCEL ID

528-166-12746

ASK ABOUT THIS PROPERTY

John McphersonBerkley & Veller Greenwood CountryMore Info
802-579-4909

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John McphersonBerkley & Veller Greenwood CountryMore Info
802-579-4909

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.