For Sale
$598,900

26 Jersey Way Morristown, VT 05661

8-Unit Residential Development Ready to Build

Overview

Added:
Feb 3
Days on market:
79
This exceptional 0.41-acre parcel in Morristown, Vermont, presents a turnkey opportunity for developers. All necessary state and local permits are in place for the construction of eight attached residential units, eliminating significant pre-construction hurdles. Infrastructure is complete, including underground water and sewer lines, underground electric and cable service, a paved parking lot, sidewalks, street trees, an EV charging station, and parking lot lighting. The seller, having recently completed a similar 15-unit project on an adjacent parcel, is offering this property in a move towards retirement. Detailed building plans are readily available for review, streamlining the development process. The property's location within Morristown makes it particularly attractive, especially considering the town's adoption of new "cottage style" zoning, potentially opening avenues for alternative development configurations, such as individual cottages, subject to approval. This is a rare opportunity to acquire a fully permitted and prepared development site, minimizing risk and maximizing potential return on investment. The existing infrastructure significantly reduces upfront costs and accelerates the timeline to completion. This property is ideally suited for builders seeking a quick start on a profitable residential project. Act quickly to secure this exceptional development opportunity.

Property Details for 26 Jersey Way

Property type
Commercial real estate
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Morristown
County
Lamoille
State
Vermont
Latitude
44.55733
Longitude
-72.60724

FAQs

What type of property is this?
Commercial real estate - 8-Unit Residential Development Ready to Build
Where is the commercial real estate located?
The property is located at 26 Jersey Way Morristown, VT.
What is the asking price?
The asking price for this property is $598,900.
How can I contact the broker?
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26 Jersey Way
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