1. Vermont
  2. Newport City
  3. - Mount Vernon Street Lot F
$699,000

- Mount Vernon Street Lot F, Newport City, VT 05855

  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon41acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 years ago

Property Description

This listing courtesy of Nicholas Maclure, Century 21 Farm & Forest

This 41-acre parcel of land, strategically positioned at the confluence of Derby (13.2 acres) and Newport (27.6 acres), enjoys proximity to key landmarks such as the I-91 access road, Newport Country Club, Pine Hill Road, and Mt. Vernon St. While currently designated for commercial use, there exists a promising potential for residential development, contingent upon rezoning. The untouched terrain presents an opportunity for an expansive upscale dwelling, offering panoramic vistas of Lake Memphremagog, Jay Peak, Willoughby Gap, and downtown Newport. Proposed blueprints outline the feasibility of a 7-lot commercial subdivision or a 13-lot residential division with access to essential water and sewer amenities. Furthermore, being within the Foreign Trade Zone could translate to reduced import expenditures for enterprises, along with the prospect of qualifying for New Market Tax Credits. This property warrants a personal inspection, with the additional detail that two (2) stakeholders are licensed Vermont Real Estate Brokers.

Listing Status:
Active
Date Added:
June 23, 2023 at 05:00AM
Listing Office:
Century 21 Farm & Forest : 802-334-1200
Listing Agent:
Nicholas Maclure : 802-334-1200
MLS ID:
4958533
  • County: Orleans

This listing courtesy of Nicholas Maclure, Century 21 Farm & Forest

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

Newport City Elementary School

166 Sias Ave, Newport, VT, 05855

Grades PK-6

0.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.