- Mount Vernon Street, #Lot F
Newport City, VT 05855
MLS ID# 4908313 Active
Development
$699,000
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
- Category Commercial
- Type Development
- 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
- 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.