USAVTSt. Albans Town324 South Main Street

324 S Main St, Saint Albans, VT

Name: 324 S Main St, For Sale in Saint Albans - Zoocasa
Brand: Signature Properties of Vermont
SKU: 5107173
Price: 849900 USD

House

For Sale

Listed price in listed location currency (USD).

$849,900

000

MLS® 5107173

Overview

Key Facts

Type

Levels Land

Size -

Garage

Taxes $1,776

Days Active 0

Lot Size 1.07 Acres

Approx. Age

MLS® Number 5107173

Property Address: 324 South Main Street, St. Albans Town, VT, 05481

Average square foot calculated using Size range provided by listing agent.

Description

Prime South Main Street development opportunity! Whether you’re an investor, builder, or developer, this versatile 12-unit project offers an exceptional combination of location, flexibility, and investment potential. The current concept envisions four 3-unit buildings consisting of 12 spacious 3-bedroom townhomes of approximately 1, 600 SF each with one-car garages; however, the final design is not set in stone, allowing a purchaser to tailor the project, unit mix, finishes, and construction approach to their desired budget, strategy, and end goal, subject to applicable approvals. A major advantage is the head start already in place. The site is cleared, open, and level, with an existing access road and some town/state approvals already secured. Municipal water and sewer are available, along with natural gas, helping create the potential for comparatively low initial infrastructure costs and a more straightforward path toward development. Build the units for individual resale and capitalize on the area’s growing values or retain them as rentals and create a highly desirable 12-unit portfolio with the opportunity to capture substantial sweat equity through development. The established 45-unit rental community immediately behind the site currently reports approximately 1% vacancy, offering compelling real-world evidence of strong rental demand at this location. With flexibility in how the project can ultimately be developed, buyers can pursue a product and price point that best fits their investment model—from attractive rental housing to new-construction townhomes for resale. Prime location, municipal utilities, natural gas, existing site work, approvals already underway, and multiple exit strategies make this a rare opportunity to take over a project with much of the groundwork already established. Bring your vision and explore the possibilities! Concept plans/renderings are likeness only; final development is subject to purchaser due diligence and required approvals

MLS® Number5107173

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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