- Mount Vernon Street, #Lot F

Newport City, VT 05855

MLS ID# 4908313 Active
Development,Hospitality,Land,Opportunity,Other,Vacant Land

$699,000

41 Acreage
1785960 Lot SqFt


Details for - Mount Vernon Street, #Lot F, Newport City VT 05855

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. Contact Dan (802.793.0844) or Nick Maclure (802.673.8876) at Century 21 Farm & Forest for more information.

Features and Details

  • List Date 05/05/2022
  • Category Commercial
  • Type Development,Hospitality,Land,Opportunity,Other,Vacant Land
  • Village/Neighborhood
  • County Orleans
  • Lot Dimensions 1785960
  • Acreage 41
  • MLS ID# 4908313

Basement
No
Lot Description
Corner, Field/Pasture, Lake View, Level, Mountain View, Open, Sloping, View, Water View, Wetlands, Wooded
Total
Units: 0
Utilities
Cable - At Site
Water
On-Site Well Needed
Sewer
On-Site Septic Needed
Zoning
commercial
Location
Commercial Zoning, Near Golf Course, Near Shopping, Near Snowmobile Trails
Water View
Yes
Water Body
Memphremagog Lake
Property Types
Development, Hospitality, Land, Opportunity, Other, Vacant Land
Property Type Use
Lodging, Other
Transport Access
Major Road Access, Paved
Deed
Book: 170, Page: 2
Delayed Showings
No
Sale Includes
Land Only
Compensation (explained below)
Sub Agency: 5%, Buyer Agency: 5%
Compensation Disclaimer
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the NEREN MLS.
Sale Type
Sale
This listing was last updated on 5/5/2022 12:33:10 PM.

Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. Subject to errors, omissions, prior sale, change or withdrawal without notice.