- Mount Vernon StreetNewport City, VT 05855MLS Number 4958533

  • Price: $699,000
  • 539 Days on Market
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Federal 30-year interest rate: 6.6% last updated on Dec 12, 2024
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- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
- Mount Vernon Street Newport City VT 05855
  • 41Acreage

Driving Directions

Listed by Nicholas Maclure of 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.

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More Info

Basic Information

  • PermissionAerials, Deed, Other

Property

  • Acreage41
  • Property TypeCommercial Sale
  • AreaVT-Orleans
  • Lot Sqft1,785,960
  • Road Frontage2300

Utilities

  • Phone CompanyConsolidated

Other

  • Transport AccessMajor Road Access, Paved
  • Date Listed06/23/2023
  • View Count225

Tax Information

  • Tax Year2023

Location

  • Building Number-
  • StreetMount Vernon Street
  • TownNewport City
  • StateVT
  • Zip05855
  • CountyOrleans
  • Address- Mount Vernon Street

Legal

  • OtherStructuresLand Only
  • Zoningcommercial

Basic Information

  • StatusACT
  • Modification Date08/30/2024
  • TypeDevelopment, Hospitality, Land, Opportunity, Other, Vacant Land
  • List Price$699,000
  • Broker NameCentury 21 Farm & Forest
  • Listing Agent NameNicholas Maclure
  • Lister Office NameCentury 21 Farm & Forest
  • MLS Number4958533
  • MLS StatusActive
Jim Campbell Real Estate

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Jim Campbell Real Estate
Office: (802) 334-3400
601 East Main Street
Newport, VT 05855
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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 December 13, 2024 1:08 AM EST

 

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