Commercial for Sale: - Mount Vernon Street #Lot F, Newport City, VT 05855

$699,000
$699,000
- Mount Vernon Street #Lot F, Newport City, VT 05855
$699,000
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Price:
$699,000
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Type Commercial
Lot Size 41.00 acres
City Newport City
County Orleans
MLS 4958533
Status Active
DOM 442 days
Listed by Century 21 Farm & Forest, Nicholas Maclure & Daniel Maclure
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.

Lot & Building Features

Utilities Cable - At Site
Sewer On-Site Septic Needed
Tax Year 2023
Water On-Site Well Needed
Lot Description Corner, Wooded, Wetlands, Water View, View, Sloping, Open, Mountain View, Level, Lake View, Field/Pasture

Price History of - Mount Vernon Street, Newport City, VT

Date Name Price Difference
06/23/2023 Listing Price $699,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of - Mount Vernon Street, Newport City, VT

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- Mount Vernon Street (MLS #4958533) is a commercial listing located in Newport City, VT. This is a commercial listing with a lot of 1,785,960 sqft (or 41.00 acres). This property was listed on 06/21/2024 and has been priced for sale at $699,000.

Nearby zip codes are 05822, 05825, 05829, 05855 9598 and 05872. This property neighbors other cities such as Brownington, Coventry, Derby and Newport Town.

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Listing information courtesy of: Century 21 Farm & Forest

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 09/07/2024