$ 699,000
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$699,000
Price -
0
Bed -
0
Bath -
0
SqFt
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About the Listing 3613 - 22563,13848
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.
Listing Highlights
Status
Active
Days on Site
968
Property Type
Commercial Sale
MLS ®
4958533
Year Built
Total Square Footage
0
Lot/Acreage
41
County
Orleans
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: No
- Other:
- Water:
Exterior Details
- Lot Description: Memphremagog Lake, Waterbody Type: Lake
- Garage Capacity: N/A
- Zoning: commercial
- Roof:
- Others:
- Sewer: On-Site Septic Needed
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2023
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
- Mount Vernon Street Lot F Newport City, VT 05855
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