Vermont and New Hampshire Real Estate

Vermont and New Hampshire Real Estate


3148 Mountain Stowe, Vermont 05672

$325,000

MLS# 4421917

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Judy Foregger

Listed by Pall Spera Company Realtors-Stowe

About this property

One of Stowe's well-known and highly visible locations (former Miguel's Stowe Away). Located on the Mountain Road, in the Mountain Road Commercial district (MRC), just 4 miles from Stowe Mountain Resort. Allowable density is 1 unit per 10,000 sq.ft. for duplexes, 2 units for 10,000 sq. ft. if used as a lodge. Presently, the density allows 9-10 multifamily units, 20 units as a lodge, or as previously permitted for a 129-seat restaurant and 14-guest lodge based on sewer allocation...30 gallons per restaurant seat and 50 gallons per guest lodger. The above reflects a sewer and water allocation (paid & current) of a flow of 4,570 gallons - each bedroom requires 150 gallons...enough for 30 bedrooms. A 9-10 unit duplex of three bedrooms each would be possible. Present value of current sewer and water allocation alone would equate to $120,000 plus the value of the 2.5 acre zoning density. Permit to demolish granted as of 10/23/15 with certain conditions. Video available to qualified buyers.

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