Stowe, VT 05672,3148 Mountain RD
Listed by Judy Foregger • Pall Spera Company Realtors-Stowe
Bought with Meg Kauffman • Coldwell Banker Carlson Real Estate

$270,000

$325,000

16.9%
Est.Price: ?

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Est. payment /mo

2.5 Acres Lot


SOLD DATE : 07/22/2016

Key Details

Sold Price $270,000

Property Type Commercial

Sub Type Investment,Opportunity

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 4421917

Sold Date 07/22/16

Construction Status Existing

Year Built 1790

Annual Tax Amount $10,310

Tax Year 2014

Lot Size 2.500 Acres

Acres 2.5

Property Description

One of Stowe's well-known and highly visible locations (former Miguel's Stowe Away). Located on the Mountain Road, in the Mountain Road Commercial district (MRC), just 4 miles from Stowe Mountain Resort. Allowable density is 1 unit per 10,000 sq.ft. for duplexes, 2 units for 10,000 sq. ft. if used as a lodge. Presently, the density allows 9-10 multifamily units, 20 units as a lodge, or as previously permitted for a 129-seat restaurant and 14-guest lodge based on sewer allocation...30 gallons per restaurant seat and 50 gallons per guest lodger. The above reflects a sewer and water allocation (paid & current) of a flow of 4,570 gallons - each bedroom requires 150 gallons...enough for 30 bedrooms. A 9-10 unit duplex of three bedrooms each would be possible. Present value of current sewer and water allocation alone would equate to $120,000 plus the value of the 2.5 acre zoning density. Permit to demolish granted as of 10/23/15 with certain conditions. Video available to qualified buyers.

Location

State VT

County Vt-lamoille

Area Vt-Lamoille

Zoning MRC

Rooms

Basement Entrance Interior

Basement Crawl Space, Full

Interior

Heating Gas - LP/Bottle

Cooling Multi Zone

Flooring Carpet, Combination, Wood

Exterior

Exterior Feature Wood Siding

Garage On-Site, Parking Spaces 21+, Unpaved

Garage Description On-Site, Parking Spaces 21+, Unpaved

Roof Type Shingle

Building

Sewer Public

Water Public

Construction Status Existing

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