A one-acre piece of land in Rutland recently sold for $2.75 million, according to Western Investor.
The site is located at 280 McIntosh Rd., and it is designated for medium density housing development. That means it is suitable for a small townhome or condominium development. It was previously approved for a 52-unit condominium development.
The property was listed for $3 million and has an assessed value of $1.65 million.
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