- Mount Vernon Street Lot F , Newport City, VT 05855
Newport City, VT 05855
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.
Details
| MLS# | 4958533 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 423 |
| Listing Provided By | Century 21 Farm & Forest | Nicholas Maclure |
Features
| Zoning | commercial |
|---|---|
| Acreage | 41.00 |
Market Activity 05855
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Learn More About This Property
| State | VT |
|---|---|
| County | Orleans |
| City | Newport City |
| Zip Code | 05855 |
| Listing VS Median (in 05855) | |
Price: $699,000 low | high Med: $199,000 On Site: 423 low | high Med: 17.000000 | |