- Mount Vernon Street Lot F
Newport City, VT
Others for Sale - $699,000 - 41 acres
Property Info
CIMLS# | 1122796 |
Location - Mount Vernon Street Lot F Newport City VT 05855 | |
Updated | August 4th, 2022 |
Type | Others |
Price | $699,000 |
Land | 41 acres |
Property Description
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.