Mount Vernon St, Newport City, VT 05855
41 Acres of Residential Land Offered at $699,000 USD in Newport City, VT 05855
For Sale
Active
Asking Price $699,000
- Property Type
-
Land
- Square Feet
- 1,785,960 SF
Listing Contacts
Nicholas Maclure
Daniel Maclure
Property Overview
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.
Property Details
- Property Subtype
- Residential/Multifamily
Highlights
- This land is located in both Derby (13.2A) & Newport (27.6A) and borders I-91 access road.
- The property is zoned for Commercial Use but is also well-suited for residential development.
- As raw land it holds great potential for a large luxury home with its fantastic views of Lake Memphremagog, Jay Peak & Willoughby Gap.
All available spaces
- Space
- Lot 1
- Size
- 1,785,960 SF
- Price
- $699,000
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