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SHOWING BY OPEN HOUSE SUNDAY FROM NOON-2 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 12,400 sq. ft. former school building with existing road access, municipal water and sewer, and Medium Density Residential zoning. Listed at $239,000, this property offers significant potential for adaptive reuse, multifamily housing, residential development, or a mixed-use concept. Potential redevelopment paths include converting the existing building into approximately 8 rental apartments, daycare or educational space, office/studio use, maker 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, engineering, and feasibility review. Springfield continues to benefit from strong regional housing demand, municipal infrastructure, broadband and 10G fiber availability, access to I-91, Springfield Hospital, and proximity to Okemo, Woodstock, and the Upper Valley. With existing infrastructure in place, residential zoning, and multiple potential exit strategies, this property is well-suited for housing developers, investors, and community development partners.

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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 June 5, 2026 7:09 AM EDT

 

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