26 Jersey WayMorristown, VT 05661

Property Details for 26 Jersey Way

Lot size

0.41 AC

Property type

Commercial real estate

Description

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.

Location Insight

City

Morristown

County

Lamoille

State

Vermont

Latitude

44.5573

Longitude

-72.6072

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