Development Opportunity on East Allen Street in Winooski, VT – Price Just Reduced! Development Opportunity on East Allen Street in Winooski, VT – Price Just Reduced!

Development Opportunity on East Allen Street in Winooski, VT – Price Just Reduced!

Development Opportunity - For Sale

Exciting opportunity to purchase a fully permitted, 67 unit development project, in the heart of Downtown Winooski. The project will consist of 63 one bedroom units, 3 two bedroom units, and 1 commercial space. The project includes ample indoor/outdoor parking, common indoor/outdoor lounge space, laundry facilities, and a fitness room. Located within walking distance to numerous restaurants, shops, and the Riverwalk. Less than 1 mile to the interstate. Winooski permit and State of Vermont Act 250 permit in place. Sale includes all approved engineering, architectural prints.

Planned Building:

67 unit development project; 63 one bedroom units, 3 two bedroom units, and 1 commercial space.

Parking:

50 Covered spaces and 22 surface spaces.

Zoning:

Gateway Zone – Form Based Code (Urban General)

Offering Price: $2,010,000

Opportunity Zone: Take advantage of the 2017 Tax Cuts and Jobs Act. This entire development project falls into the Winooski Opportunity Zone!  Click Here to get more info about opportunity zones!

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