MLS#4958533
STATUSActive
PROPERTY TYPECommercial - Industrial
Listing Courtesy of:
Century 21 Farm Forest
Agency Phone: 802-334-1200
Associate Name: Nicholas Maclure
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.
Property Features
Property Type: Commercial - Industrial
Lot Size: 41.00 Acres
Feature Descriptions
Days on Site: 1036
Lot: Near Golf Course, Near Shopping, Near Snowmobile Trails, Corner, Field/Pasture, Lake View, Level, Mountain View, Open, Sloping, View, Water View, Wetlands, Wooded
Nearby Bodies of Water: Memphremagog Lake
Road Frontage: 2300
Sale Inclusions: Land Only
Sewer: On-Site Septic Needed
Transport/Access: Major Road Access, Paved
Water: On-Site Well Needed
Water Body Type: Lake
Water View: Yes
Zoning: commercial
Listed By / Shown By
Listed By
Agency Name: Century 21 Farm Forest
Agency Phone: 802-334-1200
Agent Name: Nicholas Maclure
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
TOUR PROPERTY
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- Mount Vernon Street, Unit Lot F | MLS# 4958533
This commercial property located at - Mount Vernon Street, Unit Lot F, Newport City, VT 05855 is currently listed for sale with an asking price of $699,000. Search Newport City real estate on www.masiellogrouprealestate.com today.