Lot H Mt Vernon StreetNewport City, VT 05855MLS Number 4719075

  • Price: $3,100,000
  • Est. Mortgage of $/month
  • 245 Days on Market
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Federal 30-year interest rate: 4.07% last updated on May 16, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 125Acreage
  • 5,445,000Square Feet

Driving Directions

Listed by Daniel Maclure and Nicholas Maclure of Century 21 Farm & Forest

Wonderful Investment Property in Newport! Approximately 125 acres in Newport bordering the Newport Country Club. Fabulous views overlooking the city and Lake Memphremagog as well as Jay Peak to the west & Owl's Head to this north in Canada. There is a huge quantity of high-grade gravel and it's permitted for 150K yards per year. Great access with the potential for over 100 residential units. This property is located in an IRS designated Opportunity Zone which could provide an investor with preferential tax treatment as part of the Tax Cuts and Jobs Act of December 2017. Finally a project could qualify for New Market Tax Credits. A must see development opportunity in the Northeast Kingdom! Brokers are Shareholders.

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More Info

Basic Information

  • Virtual TourClick Here
  • Date Listed09/18/2018
  • StatusACT
  • Property TypeLand
  • List Price$3,100,000
  • MLS Number4719075

Utilities

  • Power CompanyVEC
  • WaterPublic Water - At Street
  • ElectricAt Street
  • SewerPublic Sewer at Street

Location

  • Building NumberLot H
  • StreetMt Vernon
  • VillageNewport
  • TownNewport City
  • StateVT
  • Zip05855
  • CountyOrleans
  • Flood ZoneNo
  • DistrictNorth Country Supervisory Union
  • Elementary SchoolNewport City Elementary
  • Junior HighNorth Country Junior High
  • High SchoolNorth Country Union High Sch

Property

  • Acreage125
  • Area
    • Business District
    • Near Country Club
    • Near Golf Course
    • Near Shopping
    • Near Skiing
    • Near Snowmobile Trails
  • Square Feet5,445,000
  • Current UseDevelopment Potential
  • RoadsPublic
  • TopographyLevel, Major Road Frontage, Open, Sloping, View

Other

  • SurveyedNo
  • ZoningRes
  • View Count73
Jim Campbell Real Estate
Jim Campbell Real Estate
601 East Main Street
Newport, VT 05855

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