- Mount Vernon StreetNewport City, VT 05855MLS Number 4958533

  • Price: $699,000
  • 386 Days on Market
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Federal 30-year interest rate: 6.89% last updated on Jul 11, 2024
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Active
  • 41Acreage

Driving Directions

Listed by Nicholas Maclure of Century 21 Farm & Forest
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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More Info

Basic Information

  • PermissionAerials, Deed, Other

Property

  • Acreage41
  • Property TypeCommercial Sale
  • AreaCommercial Zoning, Near Golf Course, Near Shopping, Near Snowmobile Trails
  • Lot Sqft1,785,960
  • Road Frontage2300

Tax Information

  • Tax Year2023

Location

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

Utilities

  • Phone CompanyConsolidated

Other

  • Transport AccessMajor Road Access, Paved
  • Date Listed06/23/2023
  • View Count136

Basic Information

  • StatusACT
  • Modification Date06/21/2024
  • 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
Jim Campbell Real Estate
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 July 12, 2024 5:40 PM EDT

 

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