About this home
A substantial redevelopment opportunity on approximately 2.5 acres in Springfield. The property features an approximately 11,500 sq. ft. former school building with municipal water and sewer, established road access, and Medium Density Residential zoning creating a strong foundation for a range of future uses. The scale of the building and site opens the door to several possibilities. Concepts explored for the property include conversion of the existing structure into approximately eight rental apartments, daycare or educational space, community-oriented uses, or a mixed-use project. The surrounding acreage may also lend itself to a broader residential development concept, including the potential for approximately 12 smaller homes, subject to municipal and state permitting and approvals. Springfield provides an appealing setting for residential investment and redevelopment, with 10G fiber availability, convenient access to I-91, Springfield Hospital, and easy connections to the Upper Valley, Okemo Mountain Resort, Woodstock, and the wider Southern Vermont region. For a developer, investor, or organization looking for a property with scale, infrastructure, and multiple avenues for reuse, this is an opportunity worth exploring.
Listing last checked: Listing updated:
Listed by Daire Gibney · Barrett and Valley Associates Inc. · MLS #5111439
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Details at a glance
Interior4 property facts
- Rooms
- 12
- Heating
- Hot Water, Radiant
- Cooling
- None
- Basement
- Yes · Partially Finished
Building4 property facts
- Style
- Condominium
- Year built
- 1900
- Foundation
- Brick/Mortar
- Roof
- Slate
Land & utilities5 property facts
- Lot size
- 2.5 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- res
Location
Estimated monthly cost
Explore costs at the $200,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,011 / monthAdjust
- Principal & interest
- $1,011
- Property tax
- Not entered
- Insurance
- Not entered
- HOA
- Not entered
Annual property taxes were not supplied. HOA amount was not supplied.
Partial estimate: add property tax, insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Photo-based condition insights
Overall presentation: below average
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About 199 Summer Street
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