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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.

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Basic Information

  • PricePerSqFt17.39

Building

  • Year Built1900
  • ConstructionBrick Exterior
  • GarageNo
  • Total Rooms12
  • FoundationBrick

Property

  • Acreage2.5
  • AreaVT-Windsor
  • Property TypeCondo
  • Road FrontageYes
  • DrivewayGravel
  • Road Frontage130
  • RoadsPaved, Public Maintained Road
  • Lot DescriptionCity Lot, Condo Development, Level, Rental Complex, Sidewalks, In Town, Neighborhood, Near Hospital

Rooms

  • Full Bath2

Location

  • TownSpringfield
  • StateVT
  • Zip05156
  • CountyWindsor
  • Zoningres
  • Flood ZoneNo
  • Address199 Summer Street

Interior

  • BasementPartially Finished
  • Stories2

Amenities

  • PetsYes

Other

  • Date Price Change09/24/2026
  • Unadjusted TaxesYes
  • SurveyedUnknown
  • SeasonalNo
  • Time ShareNo
  • Span60619013543
  • Date Listed09/24/2026
  • View Count2

Basic Information

  • List Price$200,000
  • Square Feet23,000
  • StatusACT
  • Bedrooms9
  • Bathroom2
  • StyleOther
  • New ContructionExisting
  • MLS Number5111439
  • MLS StatusActive

Exterior

  • RoofSlate

Utilities

  • ElectricOn-Site
  • WaterPublic
  • Heating CoolingHot Water, Radiator
  • SewerPublic
  • UtilitiesCable, Cable Available

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Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated September 24, 2026 6:25 PM UTC

 

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