Newport City, VT 05855,- Mount Vernon ST #Lot F
Newport City, VT 05855,- Mount Vernon ST #Lot F
Newport City, VT 05855,- Mount Vernon ST #Lot F
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Listed by Nicholas Maclure • Century 21 Farm & Forest
$699,000
Est. payment /mo
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41 Acres Lot
Active

- Mount Vernon ST #Lot F Newport City, VT 05855

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UPDATED:

08/30/2024 04:52 PM

Key Details

Property Type Commercial

Sub Type Development,Hospitality,Land,Opportunity,Other,Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4958533

Tax Year 2023

Lot Size 41.000 Acres

Acres 41.0

Property Description

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.

Location

State VT

County Vt-orleans

Area Vt-Orleans

Zoning commercial

Body of Water Lake

Interior

Inclusions Land Only

Exterior

Utilities Available Cable - At Site

Waterfront Description Yes

View Y/N Yes

View Yes

Building

Sewer On-Site Septic Needed


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Trevor Ainsworth

Agent | License ID: 082.0007328

+1(802) 598-5595

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- Mount Vernon ST #Lot F