0 BOMBARDIER ROAD, #1 1 | Milton, VT 05468 | Land | Residential Land

$2,800,000

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20.86
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BHHS Vermont Realty Group/S Burlington

Description

Large 20+ acre lot centrally located in Milton. High density zoning, only 6000sqft of lot area required for each unit, the owner has gotten a 50% density bonus in the process of subdivision so there is the potential, depending on design and type of housing or mix of housing for up to 160+/- units. See attached sections of zoning regs. and the final subdivision approval. This lot is one of 3 lots subdivided off the original 39 acre parcel. Lot # 3 is under deposit. Lot #2 will be the 6 acres parcel that the town now owns for their new parking garage. There are a lot of pluses with this location, it is adjacent to the towns 30+ acres of recreation area, dog park and events area; short walk to shopping and many other commercial establishments; only a few blocks to the schools; the town library is next door. Because of Lot #3 proposed development the Lot #2 town garage lot, almost half the road separating lots 1 and 3 will be built by developer and town, gas, power, sewer and water will be stubbed to that point, pumping station will be installed by the portion of lot #3 that will be developed but will need to be expanding on existing easement for Lot #1 development. Zoning allows max of 8 units for structure, if multi family are proposed, and each 8 unit structure would have to be on its own lot. There can be single family or any # of multi or condo type up to 8 units. Please, consult the info attached to the listing for more zoning info and plot plans. Commercial listing 4950613

Property Details

List Price $2,800,000 List Date 2023-05-01 MLS ID 4950611 Status Active Property Type Land Property Sub Type Residential Land County VT-Chittenden Days on Market 190

characteristics

Lot Description In Town, Near Shopping Acres 20 lot size area 20.86 Lot SqFt 908662.0 lot size units Acres road frontage type Other road surface type Other

school

elementary school Milton Elementary School high school Milton Senior High School middle or junior school Milton Jr High School

tax

zoning M4R

contract

foreclosure y n No

compensation

Buyer Agency Comp. 2 Buyer Agency Comp. Type % Non-Rep Comp. 2 Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 11/7/2023 3:09:17 PM (UTC)