Listing courtesy of Ray Ault, Ault Commercial Realty, Inc. Ray@AultCommercial.com
575 ROUTE 4 EAST, Rutland Town, VT, 05701
1,260,191 sqft
FOR SALE or GROUND-LEASE: Great DEVELOPMENT OPPORTUNITY: Part of NEARLY 50 ACRES: Poised for Residential development or subdivision, subject to Permitting. Just 10 minutes to downtown Rutland, and Killington-Pico Ski & Golf Resort. This 28.9 acres may be combined with an adjoining 19.8 acres ($139,000)* NE of subject parcel that shares access ROW from start of gravel driveway for Grey Cape house. The price of the combined larger parcel of 48.73 acres (Listed by Town as 49.43 acres) is discounted to $325,000. The Taxes listed, $2,952.93/yr., are for that combined 49.43 acres. On a $59.74 per acre assessment basis, that would put the annual 2024 Tax on 28.9-acre Parcel 3 at $1,726.38. Possible OWNER FINANCING. Or Ground-Lease starting at $1,250.00/month on Parcel 1, and $1,850/mo., on Parcel 3,...term negotiable. Note: The Right of Way from Route 4 along the south line of Parcel No. 2 on the survey map provided, appears to be 20 ft wide, but Seller also owns Parcel 2 with the gray cape house, and advises he is willing to convey Parcels 1 and 3 with a 50-ft., ROW. * See ML#4947099
Status:
Pending
Type:
Lot / Acreage
Zoning:
None
Frontage:
77
Acreage:
28.93
Est. Taxes:
$2,953
Assessment
$158,700
Lot Description:
Field/Pasture,Hilly,Neighbor Business,View,Wetlands,Wooded
MLS #:
4845085