199 Summer St Springfield, VT 05156

A unique opportunity to acquire the former East School property at 199 Summer Street in Springfield, Vermont. Set on approximately 2.5 acres, the property includes a roughly 11,500 sq. ft. former school building with road access, municipal water and sewer, and Medium Density Residential zoning. Listed at $239,000, this property offers significant potential for reuse, multifamily housing, residential development, or a mixed-use concept. Potential redevelopment paths include converting the building into approximately 8 rental apartments, daycare or educational space, community space, or a mixed-use project. The larger site may also support additional development concepts, including approximately 12 small homes or cottage-style homes, subject to permitting and feasibility review. Springfield continues to benefit from strong regional housing demand, 10G fiber availability, access to I-91, Springfield Hospital, and proximity to Okemo, and Woodstock. With existing residential zoning this property is well-suited for developers or investors.