MLS#: 4940989
This commercial listing is new to the market. It was listed on January 17th 2023 with a list price $1,320,000
This property is located in Northfield’s “Designated Village Center”. This designation means no ACT250 involvement in property development. The development density for this property is a maximum of (71) residential units. Northfield Devolopment Review Board provides change of use and approval of the development plans. The property abuts Norwich University and is ideal for a very high-quality mixed-use development which fits nicely with Northfields town plan. Additional Town water and sewer is available. This offering is comprised of the following elements: 1. “Engine House”: Restored, 7,500 sq’ of finished exposed brick office space with high bay area, the lot size is 0.93 acres. 2. “Mill Buildings”: (3) additional buildings prepared for a change of use, with a total of 9,700 sq’ open space. The lot size is 1.67 acres. 3. Undeveloped Land: 7.25 acres. No ACT 250 jurisdiction given its “Designated Village Center” designation. Current income: 1. AT&T long term annual lease of outdoor generator building expiring 12/25/2037. Income $670 /month 2. Tenant in the high bay area lease 4,100 sq’ for $2,850 / month and has common use of the bathrooms, lunchroom and conference room. There are (2) Materport virtual interactive tours attached to this listing for your review.
To find out more information
George Bambara is the listing agent. You can reach them at 802-253-1806 or feel free to email at george.bambara@pallspera.com
