Listing Provided Courtesy Of:
Kendra Kenney with Donahue & Associates, LLC.

$950,000 15-19 Park Street Essex, VT

MLS: 4718245   Type: Multi-Family   County: Chittenden   City: Essex   Area: Chittenden   Zip: 05452   Style: Apartment Building     Stories: 3   Taxes: $9,890

Mortgage $4,460 /mo



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An exciting investment opportunity in the heart of Essex Junction. The existing 5,900 SF building is being sold with full architectural and engineering plans completed for a full redevelopment of this property. The property is currently approved for the development of a 32,500 SF mixed-use building. As approved, the building would contain 28 one-bedroom apartments and 5,600 SF of ground level commercial space, with associated on-site parking. All architectural and engineering is complete and the property owner has buildable construction plans in hand. The property owner reports that the cost to secure approvals and all plans was $205,000. The Property Highlights Current Building Size -5,900 +/- square feet Planned Building - 32,500 SF mixed use building with 28 one-bedroom apartments and one 5,600 SF commercial space. Parking - 17 covered spaces in Carport and additional 16 surface spaces. Zoning - Village Center

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Price History

9/13/2018 Listed $950,000

Construction Other
Construction Status Pre-Construction
Listing Area VT-Chittenden
Listing Status Active
Price Per Sq Ft 29.23
Stories 3
Type Multi-Family
Village/dist/locale Essex Junction
Zoning Village Center

Interior Features

Basement No
Cooling None
Electric None
Heating None
Heating Fuel None
Sqft-apx Fin Above Grade 32500
Sqft-apx Fin Below Grade 0
Sqft-apx Total 32500
Sqft-apx Total Finished 32500
Sqft-apx Unfn Above Grade 0
Sqft-apx Unfn Below Grade 0
Total 1 Br Units 28
Total 2 Br Units 0
Total 3+ Br Units 0
Total Number of Units 28
Water Heater None

Exterior Features

Driveway Paved
Exterior Other
Flood Zone No
Foundation Other
Garage Yes
Garage Capacity 17
Garage Type Carport
Lot Description Level, Major Road Frontage
Lot Size Area 0.55
Parking Driveway, Off Street, On-Site, Covered
Road Frontage TBD
Roads Paved, Public
Roof Other
Sewer None, Public Sewer at Street
Water None, Public Water - At Street

Property Schools

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Listing Provided Courtesy Of:
Kendra Kenney with Donahue & Associates, LLC.

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Property vs Zip Code Avg (05452)

Price 950K Avg 793K

Sqr Feet 32,500 Avg 11,664

Cost / Sqr Ft $29 Avg $68

Taxes $9,890 Avg $4,911

Acres 0.55 Avg 0.53

Visits 34 Avg 23

Days on Site 161 Avg 100

Walkscore® 75 Avg 58

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Listing Provided Courtesy Of: Kendra Kenney with Donahue & Associates, LLC.

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Location & Address

Element Real Estate
139 Bank Street
Burlington, VT