20 Kienle RD #Lots 1-4 Under Contract Save Request In-Person Tour Request Virtual Tour
Milton,VT 05468
Key Details
Property Type Vacant Land
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 5015841
Lot Size 1.390 Acres
Acres 1.39
Property Description
Discover a fantastic investment opportunity with this 4-lot approved subdivision! This unique property includes three unimproved lots and one lot featuring a large steel garage, currently serving as the Town garage, complete with a bathroom. The three vacant lots are approved for single-family homes and have potential to possibly be converted into duplex lots with additional permitting. Estimated infrastructure costs range between $75,000 to $85,000, covering sewer force main, pump station, sidewalks, and other miscellaneous expenses. The subdivision is serviced by town water, town sewer, and natural gas, ensuring convenient utilities access. Development Information: PERMITS obtained | $2,500 est. cost for water hook-up | $2,500 est. cost for sewer hook-up | Buried fuel tank on garage lot concrete | Possibility of duplex lot with amended wastewater permit and water/sewer allocations. The sale options are flexible: purchase Lot 4, featuring the garage on 0.4 acres, for $175,000, or acquire Lots 1-3, the unimproved lots, for $225,000, with cost agreements on infrastructure. This is a prime chance to develop in a well-serviced area with great potential for growth! *Based on buyer's development status, Act 250 may be triggered.
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning Mixed Use
Exterior
Utilities Available Other
Building
Sewer Public
Schools
School District Milton