Property Showcase

Lot H Mt Vernon StreetNewport City, VT 05855 0

$3,100,000
Vacant Land
Status: Active
  • Sqft:
  • MLS#: 4719075
44.920101165771484-72.200401306152344
Courtesy Of Daniel Maclure , Century 21 Farm & Forest

Description:

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.

Main Features:

Listing Status Active School District Newport City Elementary
School District2 North Country Junior High School District3 North Country Union High Sch
School District North Country Supervisory Union County Orleans
Rental Price $0

Additional Features:

Covenants Yes
Documents Available Deed
Other
Plot Plan
Electric At Street
Flood Zone No
Lot Description LEVEL
Major Road Frontage
Open
Sloping
View
Possible Use Development Potential
Road Public
Sewer Public Sewer at Street
Showing Instructions Call Co-List Agent
Call List Broker
Call List Office
Email Co-List Agent
Email Listing Agent
Water Public Water - At Street

Extra Features:

Deed Book 170 Deed Page 2
District Newport Electric Service Provider VEC
Lot Number 0 Lot Size Sq Ft 5445000
LP Per SQFT 24800 Total Acres 125

New England Real Estate Network LogoThe data relating to real estate displayed on this website comes in part from the IDX Program of NEREN. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.
Copyright© 2019 New England Real Estate Network, Inc. All Rights Reserved.
Last Updated On: 7/19/2019 4:21:15 PM

Lot H Mt Vernon Street, Newport City, VT 05855

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New England Real Estate Network LogoThe data relating to real estate displayed on this website comes in part from the IDX Program of NEREN. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.
Copyright© 2019 New England Real Estate Network, Inc. All Rights Reserved.
Last Updated On: 7/19/2019 4:21:15 PM

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