527 Heineberg Dr - Apartments FOR SALE


Colchester, VT 05446
$975,000 USD
802-864-2000
527 Heineberg Dr, Colchester, VT for Sale
$975,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

527 Heineberg Dr
Colchester, VT 05446


OVERVIEW

Attention residential or commercial developers! Come take a look at this beautiful 11.5 acre parcel with potential for up to 13 units with river frontage, tucked behind a wooded area and offering the feel of country living. The existing farmhouse could be renovated or torn down, and the 91’ x 46’8 barn is ready to be converted to housing or used for storage or commercial space. This property is zoned GD1 giving you lots of potential to create your own vision. 3.118 Acres in GD1 zoning and 8.4 Acres in FP. Residential buyers, build your dream home here or renovate the farmhouse, and enjoy the river and nature at your fingertips! Convenient location minutes to the Burlington shopping, bike paths, and Lake Champlain. Current owner permitted the property ten years ago for 13 units, and was able to get all permits, including Act 250. Building and proposed plans available upon request.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

2

PRICE/UNIT

$487,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

15 AC

LAND SF

653,400 SF

ZONING

-

APN/PARCEL ID

(048) 05-0050020000000

ASK ABOUT THIS PROPERTY

Yves BradleyV/T CommercialMore Info
802-864-2000

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Yves BradleyV/T CommercialMore Info
802-864-2000

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