- Mount Vernon Street Lot F, Newport City, VT 05855

sale $699,000 | Commercial-Other

Listed By CENTURY 21 Farm & Forest

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.

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Property Features

Common Area Factor: 0
Cross Docks: N
Exterior Description: Other
For Auction: N
Lot Size In Text: 41 Acres
MLSID: 4958533
Price Upon Request: N
Style: Other Style
Sublease: N
Zoning: commercial
Zoning: Commercial

- Mount Vernon Street Lot F, Newport City, VT 05855

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Property Features

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