For Sale

Listed by Flex Realty Group and Becky Fuller

Source: PrimeMLS #5038815

150 E Allen St, Winooski, VT, 05404

$3,250,000

1
60548 sq. ft.

MultiFam

30+ days on the market

What's around 150 E Allen St

About this property

Currently five contiguous residential dwellings, located in the downtown core of the city of Winooski. Once permitted for 186 units, favorable changes to the Winooski parking requirement presents greater density potential. While previously Act 250 approved this project is eligible for an Act 250 exemption through Vermont's priority housing initiative. Other tax incentives exist with this location being deemed an opportunity zone. This is the perfect opportunity to design and build mixed-use new construction in the heart of Chittenden County. The project benefits from being nestled on the hillside overlooking the Casavant Nature Preserve, is walking distance to numerous restaurants, shops and the riverwalk. This project would be a perfect compliment to the continuing revitalization of the city's corridors. Owners are licensed real estate professionals.

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