Lot H Mt Vernon StreetNewport City, VT 05855MLS Number 4782453

  • Price: $2,900,000
  • 27 Days on Market
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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.
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  • 125Acreage

Driving Directions

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

Here is your opportunity to invest in Newport's Renaissance! Approximately 125 acres bordering Newport Country Club! This property features outstanding views of the city and Lake Memphremagog plus Jay Peak to the west and Owl's Head to the north in Canada. There is an estimated 6 Million Yards of high-grade gravel. The pit is operational and is permitted for 150K yards/year. Great access from Pine Hill, Glen Road & Mt Vernon. Close to city and just off I-91 access road. 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 with substantial natural resources in the Northeast Kingdom! Brokers are shareholders. Terms considered to qualified buyers.

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More Info

Basic Information

  • Virtual TourClick Here
  • StatusACT
  • Modification Date10/23/2019
  • TypeDevelopment, Investment, Land, Opportunity
  • List Price$2,900,000
  • Broker NameCentury 21 Farm & Forest
  • Listing Agent NameDaniel Maclure
  • Lister Office NameCentury 21 Farm & Forest
  • MLS Number4782453

Location

  • Building NumberLot H
  • StreetMt Vernon
  • VillageNewport
  • TownNewport City
  • StateVT
  • Zip05855
  • CountyOrleans

Other

  • View Count5

Property

  • Acreage125
  • Property TypeCommercial Sale
  • AreaAbuts Golf Course
  • Lot Sqft5,445,000
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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