60 Old Colchester RoadEssex Junction, VT 05452Price: $400,000

Very attractive, 3+ acres, level, open lot with sandy soils and development potential in quiet residential area. Land is only minutes to village, I289, Costco, etc.. Railroad tracks run passed way in the rear but the tracks are below the grade of the lot and there is a high berm and thick tree line reducing sound and sight. The zoning is R1 which allows for 15000sqft per unit, only need 60' of frontage required per lot, lot coverage 40%, PUD's are allowed. If there is town water and sewer you can do a 4plex anywhere you can do a single family as long as you comply with rest of lot criteria. Potential for 16 units, based on 4 lots, maybe more. Septic systems are not allowed per the regs so town sewer would need to be brought up from Autumn Pond Rd. Lots of potential for high end condo project, etc.