Price Reduced after just 3 weeks on market! Priced to sell. Set on approximately 2.5 acres, the property includes a roughly 11,500 sq. ft. former school building with road access, municipal water and sewer, and Medium Density Residential zoning. This property offers significant potential for multifamily housing, residential development, or a mixed-use concept. Potential redevelopment paths include converting the building into 8 rental apartments, daycare or educational space, community space, or a mixed-use project. The larger site may also support additional development concepts, including approximately 12 small homes, subject to permitting. Springfield continues to benefit from 10G fiber availability, access to I-91, Springfield Hospital, and proximity to Okemo, and Woodstock. With existing residential zoning this property is well-suited for developers or investors. Floor plan and inspection available upon request.
The Medium Density Residential District is designated for land where central water and sewer facilities are available or where the installation of these facilities is feasible. Residential and other compatible and complementing uses are permitted in this district at densities dependent on utility service availability. This district is intended to serve as an urban fringe area for both Springfield and North Springfield, housing a majority of the community's residents in areas and at densities consistent with the utilities provided. See also the requirements of the zoning district, if any, set forth in the town plan and current and future land use maps.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Climate risks
Flood Factor
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Fire Factor
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3/10 Heat Factor
7 hot days expected this year, 17 days in 30 years
Wind Factor
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1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Springfield, VT • 05156
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Sun exposure
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Provided by Shadowmap
Redfin Estimate for 199 Summer St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $212,500 and $279,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $213K to $279K.