$699,000
- Mount Vernon ST #Lot F Newport City, VT 05855
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Listed by Nicholas Maclure • Century 21 Farm & Forest
$699,000
Est. payment /mo
41 Acres Lot
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
Waterfront Description Yes
Building
Sewer On-Site Septic Needed
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Louden Dennis
Sales Associate | License ID: SA926657
Sales Associate License ID: SA926657