Lot H Mt Vernon StreetNewport City, VT 05855MLS Number 4782451

  • Price: $2,900,000
  • Est. Mortgage of $/month
  • 27 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 3.75% last updated on Nov 14, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 125Acreage
  • 5,445,000Square Feet

Driving Directions

Listed by Nicholas Maclure and Daniel Maclure of Century 21 Farm & Forest

Wonderful Investment Property in Newport! Approximately 125 acres in Newport bordering the Newport Country Club. Fabulous views overlooking the city and Lake Memphremagog as well as Jay Peak to the west & Owl's Head to this north in Canada. There is a huge quantity of high-grade gravel and it's permitted for 150K yards per year. Great access with the potential for over 100 residential units. This property is located in an IRS designated Opportunity Zone which could provide an investor with preferential tax treatment as part of the Tax Cuts and Jobs Act of December 2017. Finally a project could qualify for New Market Tax Credits. A must see development opportunity in the Northeast Kingdom! Brokers are Shareholders.

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Basic Information

  • Date Listed10/22/2019
  • StatusACT
  • Property TypeLand
  • List Price$2,900,000
  • MLS Number4782451

Utilities

  • Power CompanyVEC
  • WaterPublic Water - At Street
  • ElectricAt Street
  • SewerPublic Sewer at Street

Location

  • Building NumberLot H
  • StreetMt Vernon
  • VillageNewport
  • TownNewport City
  • StateVT
  • Zip05855
  • CountyOrleans
  • Flood ZoneNo
  • DistrictNorth Country Supervisory Union
  • Elementary SchoolNewport City Elementary
  • Junior HighNorth Country Junior High
  • High SchoolNorth Country Union High Sch

Property

  • Acreage125
  • Area
    • Business District
    • Near Country Club
    • Near Golf Course
    • Near Shopping
    • Near Skiing
    • Near Snowmobile Trails
  • Square Feet5,445,000
  • Current UseDevelopment Potential
  • RoadsPublic
  • TopographyLevel, Major Road Frontage, Open, Sloping, View

Other

  • SurveyedNo
  • ZoningRes
  • View Count4
CENTURY 21 Jack Associates - Enosburg
CENTURY 21 Jack Associates - Enosburg
231 So. Main St.
P.O. Box 550
Enosburg, VT 05450
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Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 November 18, 2019.

 

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