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Courtesy of Nicholas Maclure of Century 21 Farm & Forest: .

- Mount Vernon Street , Lot F

Newport City, VT 05855
  • $699,000
  • STATUS: Active
  • ON SITE: 357 Days
  • MLS #: 4958533
UPDATED: 154 min ago
$699,000
  • 0
    BEDS
  • 41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

This 41-acre parcel, located in both Derby (13.2A) & Newport (27.6A), borders I-91 access road, Newport Country Club, Pine Hill Road& Mt Vernon St. It is zoned for Commercial Use but is also well-suited for residential development, which would require rezoning. As raw land it holds great potential for a large luxury home with its fantastic views of Lake Memphremagog, Jay Peak & Willoughby Gap as well as overlooking downtown Newport. Conceptual drawing are available for a 7-lot commercial subdivision or a 13 lot residential subdivision with onsite water & sewer. Being located within the Foreign Trade Zone could reduce the costs of imports for your business. The Newport portion of this property is also in an Opportunity Zone. Finally, a project could qualify for New Market Tax Credits. Certainly a Must See property. ** Two (2) shareholders are Vermont Real Estate Brokers.

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© Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 2024-06-15T08:06:10.173.
www.welcomeaboderealty.com/homes/140861313
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- Mount Vernon Street , Lot F Newport City, VT 05855

  • Price: $699,000
  • Status: Active
  • On Site: 357 Days
  • Updated: 154 min ago
  • MLS #: 4958533
0
Beds
0
Baths
0
½ Baths
41
Acres
Neighborhood:
Newport City
County:
Orleans
Area:
Newport City
Property Description
This 41-acre parcel, located in both Derby (13.2A) & Newport (27.6A), borders I-91 access road, Newport Country Club, Pine Hill Road& Mt Vernon St. It is zoned for Commercial Use but is also well-suited for residential development, which would require rezoning. As raw land it holds great potential for a large luxury home with its fantastic views of Lake Memphremagog, Jay Peak & Willoughby Gap as well as overlooking downtown Newport. Conceptual drawing are available for a 7-lot commercial subdivision or a 13 lot residential subdivision with onsite water & sewer. Being located within the Foreign Trade Zone could reduce the costs of imports for your business. The Newport portion of this property is also in an Opportunity Zone. Finally, a project could qualify for New Market Tax Credits. Certainly a Must See property. ** Two (2) shareholders are Vermont Real Estate Brokers.
Exterior Features

Lot Features CornerField/PastureLake ViewLevelMountain ViewOpenSlopingViewWater ViewWetlandsWooded Road Frontage Yes Road Frontage Length 2300 Transport Access Major Road AccessPaved Water Body Type Lake Water View YN Yes

Interior Features

Basement No

Property Features

Area Description Commercial ZoningNear Golf CourseNear ShoppingNear Snowmobile Trails Auction No Cable Company Comcast Covenants Yes Electric Company Vermont Electric Flood Zone No Foreclosed / Bank Owned / REO No Phone Company Consolidated Pre Construction No Sale Includes Land Only Sewer On-Site Septic Needed Span Number 435-136-15729 Sub Property Type DevelopmentHospitalityLandOpportunityOtherVacant Land Sub Property Type Use LodgingOther Surveyed Yes Taxes Tbd Yes Utilities Cable - At Site Vacant Land No Water Source On-Site Well Needed Zoning commercial

Courtesy of Nicholas Maclure of Century 21 Farm & Forest: .


© Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 2024-06-15T08:06:10.173.
 
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